Stock Market

S&P/ASX 200 index closes 1.41% lower in the Australian stock market

After the close on Tuesday, the Australian stock market experienced a decline due to losses in the IT, Energy, and Resources sectors. The S&P/ASX 200 closed at a new 1-month low, down 1.41% in Sydney. Among the best performers were Ramelius Resources Ltd (ASX:RMS), which rose 5.83%, or 0.06 points, to close at 1.09. Meanwhile, Perseus Mining Ltd (ASX:PRU) added 4.43%, or 0.09 points, to end the day at 2.12, and Silver Lake Resources Ltd (ASX:SLR) was up 3.77%, or 0.04 points, to 1.10 in late trade. However, the worst performers were Computershare Ltd. (ASX:CPU), which fell 7.71%, or 1.83 points, to 21.90, Perpetual Ltd (ASX:PPT) declined 6.96%, or 1.60 points, to close at 21.40, and Omni Bridgeway Ltd (ASX:OBL) was down 6.87%, or 0.18 points, to end at 2.44.

The Sydney Stock Exchange witnessed more falling stocks than advancing ones, with 981 to 316, while 369 ended unchanged. Shares in Computershare Ltd. (ASX:CPU) dropped to a 52-week low, down 7.71%, or 1.83, to 21.90. At the same time, shares in Perpetual Ltd (ASX:PPT) fell to 52-week lows, declining 6.96%, or 1.60, to 21.40, and shares in Omni Bridgeway Ltd (ASX:OBL) fell to 3-year lows, dropping 6.87%, or 0.18, to 2.44.


The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, reached a new 3-month high, up 11.29% to 16.37. In commodities trading, Gold Futures for April delivery decreased 0.05%, or 0.95, to $1,915.55 per troy ounce. Crude oil for delivery in April fell 1.22%, or 0.91, to hit $73.89 a barrel, while the May Brent oil contract fell 1.10%, or 0.89, to trade at $79.88 a barrel.

The AUD/USD remained unchanged at 0.01% to 0.67, while AUD/JPY rose 0.32% to 89.04. The US Dollar Index Futures was up 0.33% at 103.52.


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