Australia stocks lower at close of trade; S&P/ASX 200 down 2.21%

Australia stocks lower at close of trade; S&P/ASX 200 down 2.21%

Oct 03, 2019

Australia stocks were lower after the close on Thursday, as losses in the Telecoms Services, Energy and Financials sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 2.21% to hit a new 1-month low.

The best performers of the session on the S&P/ASX 200 were Saracen Mineral Holdings Ltd (ASX:SAR), which rose 4.07% or 0.140 points to trade at 3.580 at the close. Meanwhile, Northern Star Resources Ltd (ASX:NST) added 3.63% or 0.410 points to end at 11.700 and Newcrest Mining Ltd (ASX:NCM) was up 2.75% or 0.950 points to 35.480 in late trade.

The worst performers of the session were Nearmap Ltd (ASX:NEA), which fell 5.47% or 0.140 points to trade at 2.420 at the close. Austal Ltd (ASX:ASB) declined 5.10% or 0.220 points to end at 4.090 and oOh!Media Ltd (ASX:OML) was down 5.02% or 0.150 points to 2.840.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 814 to 343 and 360 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 12.63% to 16.253 a new 1-month high.

Gold Futures for December delivery was down 0.06% or 0.95 to $1506.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.11% or 0.06 to hit $52.70 a barrel, while the December Brent oil contract fell 0.05% or 0.03 to trade at $57.66 a barrel.

AUD/USD was up 0.11% to 0.6711, while AUD/JPY rose 0.08% to 71.89.

The US Dollar Index Futures was up 0.10% at 98.787.

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