Australia stocks lower at close of trade; S&P/ASX 200 down 0.48%

Australia stocks lower at close of trade; S&P/ASX 200 down 0.48%

May 30, 2018

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

At the close in Sydney, the S&P/ASX 200 lost 0.48%.

The best performers of the session on the S&P/ASX 200 were Bellamys Australia Ltd (AX:BAL), which rose 5.63% or 0.890 points to trade at 16.700 at the close. Meanwhile, Seven West Media Ltd (AX:SWM) added 5.23% or 0.040 points to end at 0.805 and Southern Cross Media Group Ltd (AX:SXL) was up 5.00% or 0.060 points to 1.260 in late trade.

The worst performers of the session were Orocobre Ltd (AX:ORE), which fell 5.74% or 0.340 points to trade at 5.580 at the close. Rea Group Ltd (AX:REA) declined 3.98% or 3.620 points to end at 87.290 and Metcash Ltd (AX:MTS) was down 3.32% or 0.100 points to 2.910.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 756 to 466 and 422 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 15.43% to 13.201.

Gold Futures for June delivery was down 0.17% or 2.20 to $1296.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.06% or 0.04 to hit $66.77 a barrel, while the August Brent oil contract fell 0.09% or 0.07 to trade at $75.42 a barrel.

AUD/USD was up 0.31% to 0.7528, while AUD/JPY rose 0.32% to 81.88.

The US Dollar Index Futures was down 0.37% at 94.46.

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