Australia stocks lower at close of trade; S&P/ASX 200 down 0.74%

Australia stocks lower at close of trade; S&P/ASX 200 down 0.74%

May 30, 2019

Australia stocks were lower after the close on Thursday, as losses in the A-REITs, Metals&Mining and Resources sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 0.74%.

The best performers of the session on the S&P/ASX 200 were Syrah Resources Ltd (ASX:SYR), which rose 13.45% or 0.150 points to trade at 1.265 at the close. Meanwhile, Blackmores Ltd (ASX:BKL) added 6.14% or 5.73 points to end at 99.00 and Estia Health Ltd (ASX:EHE) was up 3.40% or 0.090 points to 2.740 in late trade.

The worst performers of the session were Costa Group Holdings Ltd (ASX:CGC), which fell 27.61% or 1.430 points to trade at 3.750 at the close. Elders Ltd (ASX:ELD) declined 5.51% or 0.340 points to end at 5.830 and NRW Holdings Ltd (ASX:NWH) was down 5.44% or 0.160 points to 2.780.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 686 to 475 and 407 ended unchanged.

Shares in Costa Group Holdings Ltd (ASX:CGC) fell to 52-week lows; losing 27.61% or 1.430 to 3.750.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 5.80% to 14.837 a new 3-months high.

Gold Futures for June delivery was down 0.30% or 3.80 to $1277.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.88% or 0.52 to hit $59.33 a barrel, while the August Brent oil contract rose 0.52% or 0.35 to trade at $68.22 a barrel.

AUD/USD was up 0.25% to 0.6934, while AUD/JPY rose 0.38% to 76.09.

The US Dollar Index Futures was up 0.02% at 98.050.

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