Stock Market

Australia’s S&P/ASX 200 index finishes down by 0.12% at the end of trade

On Wednesday, Australian stocks closed lower as shares were pulled down by losses in the Financials, Gold, and Telecoms Services sectors. At the end of the trading day in Sydney, the S&P/ASX 200 declined by 0.12%. Among the top performers of the day were Mesoblast Ltd (ASX:MSB), which gained 4.81% or 0.05 points to trade at 1.09, followed by Omni Bridgeway Ltd (ASX:OBL) which added 3.56% or 0.09 points to end at 2.62, and Monadelphous Group Ltd (ASX:MND) which rose 3.50% or 0.45 points to 13.30 in late trade. The worst performers of the day were Appen Ltd (ASX:APX), which dropped 28.21% or 0.90 points to trade at 2.29 at the close, Ltd (ASX:KGN) which declined 4.69% or 0.21 points to end at 4.27, and Bank of Queensland Ltd. (ASX:BOQ) which was down 4.23% or 0.25 points to 5.66.

The Sydney Stock Exchange saw more falling stocks than advancing ones with a ratio of 652 to 621, while 396 ended unchanged. Bank of Queensland Ltd. (ASX:BOQ) shares hit 52-week lows and closed down 4.23% or 0.25 to 5.66. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, increased by 0.68% to 12.64.

In commodities trading, Gold Futures for June delivery decreased by 0.28% or 5.75 to $2,037.15 per troy ounce. Meanwhile, Crude oil for delivery in June fell 0.92% or 0.68 to hit $73.03 a barrel, and the July Brent oil contract declined by 0.93% or 0.72 to trade at $76.72 a barrel. AUD/USD remained unchanged at 0.68%, while AUD/JPY rose by 0.22% to 91.61. The US Dollar Index Futures fell by 0.04% to 101.36.

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