Australian Stocks Close Lower, Led by Declines in Consumer Sectors

Australian Stocks Close Lower, Led by Declines in Consumer Sectors

Key Points:

  • Australian stocks downturn on Tuesday’s close, with the S&P/ASX 200 index falling by 0.15%.
  • Top gainers included Healius Ltd (ASX:HLS), Iress Ltd (ASX:IRE), and St Barbara Ltd (ASX:SBM).
  • Pilbara Minerals Ltd (ASX:PLS), IGO Ltd (ASX:IGO), and Lynas Rare Earths Ltd (ASX:LYC) were among the decliners.
  • Falling stocks outnumbered advancing ones on the Sydney Stock Exchange. The S&P/ASX 200 VIX was down by 1.05%.

Australian stocks experienced a downturn on Tuesday’s close, with losses primarily observed in the Consumer Discretionary, Consumer Staples, and Utilities sectors, contributing to a share decline. At the close of the trading day in Sydney, the S&P/ASX 200 index fell by 0.15%.

Among the top performers in the session on the S&P/ASX 200 was Healius Ltd (ASX:HLS), which saw a notable increase of 14.67% or 0.16 points, reaching 1.29 by the closing bell. Additionally, Iress Ltd (ASX:IRE) experienced a gain of 12.50% or 1.00 points, closing at 9.00, while St Barbara Ltd (ASX:SBM) rose by 12.50% or 0.02 points to 0.18 in late trading.

Conversely, some of the worst performers during the session included Pilbara Minerals Ltd (ASX:PLS), which witnessed a decline of 7.03% or 0.31 points, closing at 4.10. IGO Ltd (ASX:IGO) also experienced a decrease of 5.27% or 0.43 points, ending at 7.73, while Lynas Rare Earths Ltd (ASX:LYC) fell by 4.49% or 0.28 points to 5.96.

On the Sydney Stock Exchange, falling stocks outnumbered advancing ones, with 649 stocks declining, 516 advancing, and 342 remaining unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, decreased by 1.05% to 11.06.

In commodities trading, Gold Futures for April delivery experienced a slight decline of 0.12%, or 2.55 points, reaching $2,123.75 per troy ounce. Meanwhile, Crude oil for delivery in April fell by 0.32%, or 0.25 points, to $78.49 per barrel, and the May Brent oil contract decreased by 0.19%, or 0.16 points, to trade at $82.64 per barrel.

The AUD/USD pair remained unchanged, rising by 0.18% to 0.65, while AUD/JPY fell by 0.18% to 97.81. Lastly, the US Dollar Index Futures saw a minor increase of 0.04%, reaching 103.82.

TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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