Australian Stocks Decline as S&P/ASX 200 Hits New 1-Month Low

Australian Stocks Close Lower, Led by Declines in Consumer Sectors

Key Points:

  • Australian stocks closed lower as the IT, A-REITs, and Metals & Mining sectors declined. The S&P/ASX 200 lost 0.98%, marking a new 1-month low.
  • St Barbara Ltd (ASX:SBM), Perseus Mining Ltd (ASX:PRU), and Santos Ltd (ASX:STO) were among the top performers.
  • Clinuvel Pharmaceuticals Ltd (ASX:CUV), Omni Bridgeway Ltd (ASX:OBL), and Polynovo Ltd (ASX:PNV) were among the worst performers.
  • 789 stocks declined against 368 advancing ones, while 433 ended unchanged. The S&P/ASX 200 VIX surged 19.98%, marking a new three-month high.

Australian stocks ended lower after Friday’s trading session. Losses were primarily observed in the IT, A-REITs, and Metals & Mining sectors, contributing to declining shares across the board. At the close in Sydney, the S&P/ASX 200 lost 0.98% or 74.80 to 7,567.30, marking a new 1-month low.

Among the top performers of the session on the S&P/ASX 200 was St Barbara Ltd (ASX:SBM), which rose 3.39% or 0.01 to trade at 0.30 at the close. This was followed by Perseus Mining Ltd (ASX:PRU), which gained 1.32% or 0.03 to end at 2.30, and Santos Ltd (ASX:STO), up 1.82% or 0.14 to 7.83 in late trade.

Conversely, the worst performers included Clinuvel Pharmaceuticals Ltd (ASX:CUV), which fell 5.95% or 0.91 to trade at 14.38 at the close, Omni Bridgeway Ltd (ASX:OBL), which declined by 4.62% or 0.06 to end at 1.24, and Polynovo Ltd (ASX:PNV), which was down by 5.58% or 0.11 to 1.94.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange, with 789 declining stocks against 368 advancing ones, while 433 ended unchanged. Omni Bridgeway Ltd (ASX:OBL) notably fell to 5-year lows during the session. The S&P/ASX 200 VIX, measuring the implied volatility of S&P/ASX 200 options, surged by 19.98% or 2.43 to reach 14.60, marking a new 3-month high.

In commodities trading, Gold Futures for June delivery experienced a slight decrease of 0.05% to $2,396.90 per troy ounce. Crude oil for delivery in May rose 1.47% to hit $83.95 per barrel, while the June Brent oil contract increased by 1.46% to trade at $88.38 a barrel.

Currency pairs showed mixed movements, with AUD/USD remaining unchanged at 0.64, while AUD/JPY fell by 0.51% to 98.80. The US Dollar Index Futures rose by 0.07% to 106.06.

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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