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Australia stocks lower at close of trade; S&P/ASX 200 down 1.96%

Stock MarketsMar 23, 2018 01:35AM ET
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© Reuters. Australia stocks lower at close of trade; S&P/ASX 200 down 1.96%

Investing.com – Australia stocks were lower after the close on Friday, as losses in the Metals & Mining, Materials and Resources sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 lost 1.96% to hit a new 3-months low.

The best performers of the session on the S&P/ASX 200 were Resolute Mining Ltd (AX:RSG), which rose 3.25% or 0.040 points to trade at 1.270 at the close. Meanwhile, Newcrest Mining Ltd (AX:NCM) added 1.12% or 0.220 points to end at 19.890 and Northern Star Resources Ltd (AX:NST) was up 0.89% or 0.060 points to 6.770 in late trade.

The worst performers of the session were Bluescope Steel Ltd (AX:BSL), which fell 5.99% or 0.940 points to trade at 14.760 at the close. Mineral Resources Ltd (AX:MIN) declined 5.71% or 1.060 points to end at 17.500 and South32 Ltd (AX:S32) was down 5.33% or 0.180 points to 3.200.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 937 to 312 and 320 ended unchanged.

Shares in Northern Star Resources Ltd (AX:NST) rose to all time highs; gaining 0.89% or 0.060 to 6.770.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 26.02% to 15.591.

Gold Futures for April delivery was up 0.84% or 11.10 to $1338.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.04% or 0.67 to hit $64.97 a barrel, while the May Brent oil contract rose 0.89% or 0.61 to trade at $69.52 a barrel.

AUD/USD was up 0.23% to 0.7711, while AUD/JPY fell 0.25% to 80.80.

The US Dollar Index Futures was down 0.29% at 89.21.

Australia stocks lower at close of trade; S&P/ASX 200 down 1.96%
 

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