Australia Stocks Close Down; S&P/ASX 200 Falls 0.27 Percent

Gold, Utilities, and Consumer Discretionary sectors declined after Wednesday’s closing.

Losses in the Gold, Utilities, and Consumer Discretionary sectors contributed to a decline in Australia’s stock market following the close on Wednesday.

At Sydney’s closing, the S&P/ASX 200 was down 0.27 percent.

Zip Co Ltd (ASX:ZIP) had the greatest performance on the S&P/ASX 200 during the day, gaining 12.14 percent or 0.09 points to close at 0.79. Nufarm Ltd (ASX:NUF) gained 8.86% or 0.48 points to close at 5.90, while Resolute Mining Ltd (ASX:RSG) rose 8.11% or 0.02 points to 0.20 in late-day trading.

Appen Ltd (ASX:APX) had the poorest performance throughout the day, falling 7.75% or 0.22 points to close at 2.62. St Barbara Ltd (ASX:SBM) fell 7.09%, or 0.05 points, to close at 0.59, while Evolution Mining Ltd (ASX:EVN) fell 5.62%, or 0.15 points, to 2.52.

On the Sydney Stock Exchange, declining equities outweighed gaining ones by 712 to 590, with 397 ending unchanged.

The implied volatility index for S&P/ASX 200 options decreased by 1.35 percent to 15.54.

Gold Futures for December delivery increased 0.07 percent, or 1.25 cents, to $1,778.05 per troy ounce. Crude oil for December delivery declined 0.84 percent, or $0.73, to $86.19 per barrel, while the January Brent oil contract fell 0.68 percent, or $0.64, to $93.21 per barrel.

AUD/USD remained constant at 0.68, while AUD/JPY increased 0.40 percent to 94.46.

The US Dollar Index Futures fell 0.05 percent to 106.25.

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