Australia Stocks Are Down at The Market Close; The S&P/ASX 200 Is Down 3.55 Percent

After Tuesday’s closing, the Australian stock market fell due to losses in the Energy, Resources, and IT industries.

Losses in the Energy, Resources, and IT sectors contributed to a decline in Australia’s stock market after the close on Tuesday.

At Sydney’s market closing, the S&P/ASX 200 fell 3.55 percent to a new 52-week low.

Polynovo Ltd (ASX:PNV) had the greatest performance on the S&P/ASX 200 during the day, rising 7.79 percent or 0.09 points to finish at $1.25. Westgold Resources Ltd (ASX:WGX) gained 3.86 percent, or 0.05 points, to close at 1.21, while Domino’S Pizza Enterprises Ltd (ASX:DMP) rose 2.03 percent, or 1.27 points, to 63.68 in late trading.

Zip Co Ltd (ASX:ZIP) had the poorest performance during the day, falling 15.87 percent or 0.10 points to finish at 0.53. Unibail Rodamco Westfield (ASX:URW) down 11.70 percent or 0.53 points to 4.00, while Mesoblast Ltd (ASX:MSB) fell 10.26 percent or 0.08 points to 0.70.

On the Sydney Stock Exchange, declining equities outweighed gaining ones by a ratio of 1,584 to 132, with 209 ending unchanged.

Shares of Zip Co Ltd (ASX:ZIP) dropped 15.87 percent, or 0.10 per share, to a 5-year low of $0.53. Shares of Unibail Rodamco Westfield (ASX:URW) reached 52-week lows, declining 11.70 percent, or 0.53 points, to 4.00. Mesoblast Ltd (ASX:MSB) shares plummeted to 5-year lows, plunging 10.26 percent or 0.08 to 0.70.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, rose 22.41 percent to 21.85, establishing a new 52-week high.

Gold Futures for August delivery decreased 3.60, or 0.20 percent, to $1,828.20 per troy ounce. Crude oil for delivery in July increased 0.66 percent, or 0.80 dollars, to $121.73 per barrel, while the Brent oil contract for August rose 0.70 percent, or 0.85 dollars, to $123.12 per barrel.

AUD/USD remained stable at 0.42 percent at 0.70, but AUD/JPY increased by 0.45 percent to 93.43.

At 104.61, the US Dollar Index Futures fell 0.33 percent.

Leave a Comment