Australian Stocks Close Lower Led by Financials and Consumer Discretionary Sectors

Australian Stocks Rise Led by IT and Consumer Discretionary Sectors

Key Points:

  • Australian stock market ended Thursday’s session on a lower note; the S&P/ASX 200 index dropped by 0.20% at the close in Sydney.
  • Pharmaceuticals Ltd (ASX:CUV), Silver Lake Resources Ltd (ASX:SLR), and St Barbara Ltd (ASX:SBM) were the top performers.
  • Appen Ltd (ASX:APX) declined by 17.62%, Polynovo Ltd (ASX:PNV) dropped by 6.83%, and AP Eagers Ltd (ASX:APE) fell by 6.69%, were the worst performers.
  • 624 stocks declined, 527 advanced, and 347 ended unchanged; the S&P/ASX 200 VIX decreased by 3.01% to 11.25.

Australian stock market ended Thursday’s session on a lower note, with losses primarily driven by declines in the Financials, Consumer Discretionary, and Telecoms Services sectors. The S&P/ASX 200 index dropped by 0.20% at the close in Sydney.

Among the top performers in the S&P/ASX 200 index were Clinuvel Pharmaceuticals Ltd (ASX:CUV), which surged by 10.98% or 1.45 points to reach 14.65 at the close. Silver Lake Resources Ltd (ASX:SLR) also recorded gains, rising by 6.58% or 0.08 points to end at 1.22, while St Barbara Ltd (ASX:SBM) saw an increase of 6.45% or 0.01 points to 0.17 in late trade.

Conversely, some of the worst performers included Appen Ltd (ASX:APX), which experienced a significant decline of 17.62% or 0.17 points, closing at 0.80. Polynovo Ltd (ASX:PNV) dropped by 6.83% or 0.17 points to finish at 2.32, and AP Eagers Ltd (ASX:APE) fell by 6.69% or 1.00 points to 13.95.

On the Sydney Stock Exchange, falling stocks outnumbered advancing ones, with 624 stocks declining, 527 advancing, and 347 ending unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, decreased by 3.01% to 11.25.

In commodities trading, Gold Futures for April delivery experienced a slight decline of 0.25%, or 5.35, to $2,175.45 per troy ounce. Meanwhile, Crude oil for April delivery rose marginally by 0.01%, or 0.01, to reach $79.73 per barrel, and the May Brent oil contract increased by 0.07%, or 0.06, trading at $84.09 per barrel.

The currency market saw the AUD/USD pair remain unchanged at 0.66, while the AUD/JPY pair remained stable at 97.84. In the futures market, the US Dollar Index Futures showed a slight increase of 0.10%, reaching 102.50.

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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