Australia stocks lower at close of trade; S&P/ASX 200 down 1.53%

Investing.com – Australia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in Sydney, the declined 1.53%.

The best performers of the session on the were Mayne Pharma Group Ltd (ASX:), which rose 18.87% or 0.100 points to trade at 0.630 at the close. Meanwhile, Clinuvel Pharmaceuticals Ltd (ASX:) added 3.31% or 0.820 points to end at 25.610 and Northern Star Resources Ltd (ASX:) was up 2.82% or 0.310 points to 11.320 in late trade.

The worst performers of the session were Hub24 Ltd (ASX:), which fell 7.09% or 0.860 points to trade at 11.270 at the close. Galaxy Resources Ltd (ASX:) declined 5.12% or 0.055 points to end at 1.020 and Bega Cheese Ltd (ASX:) was down 5.01% or 0.240 points to 4.550.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 770 to 409 and 319 ended unchanged.

Shares in Galaxy Resources Ltd (ASX:) fell to 3-years lows; down 5.12% or 0.055 to 1.020.

The , which measures the implied volatility of S&P/ASX 200 options, was up 14.07% to 14.430 a new 1-month high.

Gold Futures for December delivery was down 0.51% or 7.55 to $1481.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.29% or 0.69 to hit $54.31 a barrel, while the December Brent oil contract rose 0.83% or 0.49 to trade at $59.38 a barrel.

AUD/USD was up 0.05% to 0.6705, while AUD/JPY rose 0.09% to 72.28.

The US Dollar Index Futures was up 0.12% at 98.893.

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