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Australia stocks lower at close of trade; S&P/ASX 200 down 1.14%

Published 07/11/2022, 03:45 AM
© Reuters.  Australia stocks lower at close of trade; S&P/ASX 200 down 1.14%
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Investing.com – Australia stocks were lower after the close on Monday, as losses in the Metals & Mining, Materials and Gold sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 1.14%.

The best performers of the session on the S&P/ASX 200 were Omni Bridgeway Ltd (ASX:OBL), which rose 3.49% or 0.13 points to trade at 3.86 at the close. Meanwhile, Suncorp Group Ltd (ASX:SUN) added 1.81% or 0.20 points to end at 11.25 and Vicinity Centres Re Ltd (ASX:VCX) was up 1.60% or 0.03 points to 1.90 in late trade.

The worst performers of the session were EML Payments Ltd (ASX:EML), which fell 24.61% or 0.32 points to trade at 0.96 at the close. Pointsbet Holdings Ltd (ASX:PBH) declined 9.49% or 0.26 points to end at 2.48 and Costa Group Holdings Ltd (ASX:CGC) was down 7.99% or 0.23 points to 2.65.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 877 to 451 and 360 ended unchanged.

Shares in EML Payments Ltd (ASX:EML) fell to 5-year lows; falling 24.61% or 0.32 to 0.96. Shares in Costa Group Holdings Ltd (ASX:CGC) fell to 52-week lows; losing 7.99% or 0.23 to 2.65.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 4.33% to 17.96.

Gold Futures for August delivery was down 0.39% or 6.85 to $1,735.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.08% or 2.18 to hit $102.61 a barrel, while the September Brent oil contract fell 1.85% or 1.98 to trade at $105.04 a barrel.

AUD/USD was unchanged 0.72% to 0.68, while AUD/JPY fell 0.23% to 93.09.

The US Dollar Index Futures was up 0.49% at 107.35.

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