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Australia stocks lower at close of trade; S&P/ASX 200 down 0.29%

Published 01/17/2024, 12:30 AM
© Reuters.  Australia stocks lower at close of trade; S&P/ASX 200 down 0.29%

Investing.com – Australia stocks were lower after the close on Wednesday, as losses in the Gold, Energy and Resources sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 fell 0.29% to hit a new 1-month low.

The best performers of the session on the S&P/ASX 200 were A2 Milk Company Ltd (ASX:A2M), which rose 6.03% or 0.24 points to trade at 4.22 at the close. Meanwhile, Deterra Royalties Ltd (ASX:DRR) added 3.92% or 0.19 points to end at 5.04 and Pointsbet Holdings Ltd (ASX:PBH) was up 3.73% or 0.03 points to 0.83 in late trade.

The worst performers of the session were Evolution Mining Ltd (ASX:EVN), which fell 16.53% or 0.62 points to trade at 3.13 at the close. Bapcor Ltd (ASX:BAP) declined 6.25% or 0.35 points to end at 5.25 and Appen Ltd (ASX:APX) was down 5.10% or 0.03 points to 0.47.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 674 to 470 and 378 ended unchanged.

Shares in Appen Ltd (ASX:APX) fell to all time lows; falling 5.10% or 0.03 to 0.47.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.71% to 11.16.

Gold Futures for February delivery was down 0.31% or 6.35 to $2,023.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.85% or 0.62 to hit $71.90 a barrel, while the March Brent oil contract fell 0.77% or 0.60 to trade at $77.69 a barrel.

AUD/USD was unchanged 0.30% to 0.66, while AUD/JPY fell 0.14% to 96.77.

The US Dollar Index Futures was up 0.11% at 103.22.

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