Australia stocks lower at close of trade; S&P/ASX 200 down 1.58%

Australia stocks lower at close of trade; S&P/ASX 200 down 1.58%

Dec 04, 2019

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

At the close in Sydney, the S&P/ASX 200 lost 1.58% to hit a new 1-month low.

The best performers of the session on the S&P/ASX 200 were oOh!Media Ltd (ASX:OML), which rose 23.92% or 0.720 points to trade at 3.730 at the close. Meanwhile, Gold Road Resources Ltd (ASX:GOR) added 7.83% or 0.085 points to end at 1.170 and Iluka Resources Ltd (ASX:ILU) was up 2.73% or 0.250 points to 9.420 in late trade.

The worst performers of the session were Austal Ltd (ASX:ASB), which fell 5.13% or 0.210 points to trade at 3.880 at the close. Reliance Worldwide Corporation Ltd (ASX:RWC) declined 5.11% or 0.210 points to end at 3.900 and Metcash Ltd (ASX:MTS) was down 4.81% or 0.140 points to 2.770.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 825 to 337 and 333 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 5.96% to 14.235 a new 1-month high.

Gold Futures for February delivery was up 0.13% or 1.95 to $1486.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.80% or 0.45 to hit $56.55 a barrel, while the February Brent oil contract rose 0.85% or 0.52 to trade at $61.34 a barrel.

AUD/USD was down 0.31% to 0.6825, while AUD/JPY fell 0.33% to 74.11.

The US Dollar Index Futures was up 0.03% at 97.708.

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