Australia stocks lower at close of trade; S&P/ASX 200 down 7.33%

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

At the close in Sydney, the lost 7.33% to hit a new 52-week low.

The best performers of the session on the were Fisher & Paykel Healthcare Ltd (ASX:), which rose 2.98% or 0.73 points to trade at 25.20 at the close. Meanwhile, Newcrest Mining Ltd (ASX:) added 2.54% or 0.740 points to end at 29.820 and Spark Infrastructure Group (ASX:) was up 0.48% or 0.010 points to 2.080 in late trade.

The worst performers of the session were Oil Search Ltd (ASX:), which fell 34.77% or 1.770 points to trade at 3.320 at the close. Santos Ltd (ASX:) declined 26.87% or 1.800 points to end at 4.900 and NRW Holdings Ltd (ASX:) was down 19.72% or 0.43 points to 1.75.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 1377 to 75 and 171 ended unchanged.

Shares in Oil Search Ltd (ASX:) fell to 5-year lows; falling 34.77% or 1.770 to 3.320. Shares in Santos Ltd (ASX:) fell to 52-week lows; down 26.87% or 1.800 to 4.900. Shares in NRW Holdings Ltd (ASX:) fell to 52-week lows; down 19.72% or 0.43 to 1.75.

The , which measures the implied volatility of S&P/ASX 200 options, was up 30.97% to 34.951 a new 5-year high.

Gold Futures for April delivery was down 0.17% or 2.80 to $1669.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 27.28% or 11.26 to hit $30.02 a barrel, while the May Brent oil contract fell 26.00% or 11.77 to trade at $33.50 a barrel.

AUD/USD was down 1.52% to 0.6544, while AUD/JPY fell 4.00% to 67.16.

The US Dollar Index Futures was down 0.71% at 95.255.

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