Australia stocks lower at close of trade; S&P/ASX 200 down 0.13%

Australia stocks lower at close of trade; S&P/ASX 200 down 0.13%

Jan 08, 2020

Australia stocks were lower after the close on Wednesday, as losses in the IT, Consumer Discretionary and Financials sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 fell 0.13%.

The best performers of the session on the S&P/ASX 200 were Independence Group NL (ASX:IGO), which rose 6.00% or 0.390 points to trade at 6.890 at the close. Meanwhile, Newcrest Mining Ltd (ASX:NCM) added 4.03% or 1.240 points to end at 32.000 and Regis Resources Ltd (ASX:RRL) was up 3.70% or 0.160 points to 4.480 in late trade.

The worst performers of the session were Polynovo Ltd (ASX:PNV), which fell 8.13% or 0.165 points to trade at 1.865 at the close. Pendal Group Ltd (ASX:PDL) declined 5.32% or 0.480 points to end at 8.540 and Pilbara Minerals Ltd (ASX:PLS) was down 4.76% or 0.015 points to 0.300.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 761 to 402 and 333 ended unchanged.

Shares in Independence Group NL (ASX:IGO) rose to 5-year highs; up 6.00% or 0.390 to 6.890.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.14% to 13.018.

Gold Futures for February delivery was up 1.32% or 20.75 to $1595.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.94% or 0.59 to hit $63.29 a barrel, while the March Brent oil contract rose 1.25% or 0.85 to trade at $69.12 a barrel.

AUD/USD was up 0.06% to 0.6872, while AUD/JPY rose 0.07% to 74.50.

The US Dollar Index Futures was down 0.08% at 96.625.

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