Australia stocks lower at close of trade; S&P/ASX 200 down 1.60%

Australia stocks lower at close of trade; S&P/ASX 200 down 1.60%

Feb 25, 2020

Australia stocks were lower after the close on Tuesday, as losses in the Gold, Telecoms Services and Consumer Discretionary sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 1.60% to hit a new 1-month low.

The best performers of the session on the S&P/ASX 200 were Appen Ltd (ASX:APX), which rose 6.50% or 1.55 points to trade at 25.40 at the close. Meanwhile, Polynovo Ltd (ASX:PNV) added 4.86% or 0.140 points to end at 3.020 and New Hope Corporation Ltd (ASX:NHC) was up 4.50% or 0.070 points to 1.625 in late trade.

The worst performers of the session were St Barbara Ltd (ASX:SBM), which fell 9.67% or 0.290 points to trade at 2.710 at the close. Saracen Mineral Holdings Ltd (ASX:SAR) declined 7.33% or 0.33 points to end at 4.17 and Coca-Cola Amatil Ltd (ASX:CCL) was down 7.06% or 0.900 points to 11.850.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 1074 to 258 and 265 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 7.90% to 17.260 a new 6-months high.

Gold Futures for April delivery was down 2.21% or 37.05 to $1639.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.93% or 0.48 to hit $51.91 a barrel, while the May Brent oil contract rose 0.84% or 0.47 to trade at $56.24 a barrel.

AUD/USD was up 0.22% to 0.6619, while AUD/JPY rose 0.35% to 73.36.

The US Dollar Index Futures was down 0.07% at 99.213.

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