Australia stocks lower at close of trade; S&P/ASX 200 down 0.42%

Australia stocks lower at close of trade; S&P/ASX 200 down 0.42%

May 08, 2019

Australia stocks were lower after the close on Wednesday, as losses in the Telecoms Services, IT and Utilities sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 fell 0.42%.

The best performers of the session on the S&P/ASX 200 were Syrah Resources Ltd (AX:SYR), which rose 5.56% or 0.060 points to trade at 1.140 at the close. Meanwhile, Northern Star Resources Ltd (AX:NST) added 4.05% or 0.340 points to end at 8.740 and Ausdrill Ltd (AX:ASL) was up 3.61% or 0.050 points to 1.435 in late trade.

The worst performers of the session were TPG Telecom Ltd (AX:TPM), which fell 13.68% or 0.960 points to trade at 6.060 at the close. Afterpay Touch Group Ltd (AX:APT) declined 6.68% or 1.900 points to end at 26.560 and Hub24 Ltd (AX:HUB) was down 6.66% or 0.970 points to 13.590.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 740 to 416 and 392 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 6.85% to 14.046.

Gold Futures for June delivery was up 0.23% or 2.95 to $1288.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.81% or 0.50 to hit $61.90 a barrel, while the July Brent oil contract rose 0.50% or 0.35 to trade at $70.23 a barrel.

AUD/USD was up 0.15% to 0.7022, while AUD/JPY rose 0.03% to 77.31.

The US Dollar Index Futures was down 0.20% at 97.203.

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