Australia stocks lower at close of trade; S&P/ASX 200 down 1.58%

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 lost 1.58% to hit a new 1-month low.

The best performers of the session on the were oOh!Media Ltd (ASX:), which rose 23.92% or 0.720 points to trade at 3.730 at the close. Meanwhile, Gold Road Resources Ltd (ASX:) added 7.83% or 0.085 points to end at 1.170 and Iluka Resources Ltd (ASX:) was up 2.73% or 0.250 points to 9.420 in late trade.

The worst performers of the session were Austal Ltd (ASX:), which fell 5.13% or 0.210 points to trade at 3.880 at the close. Reliance Worldwide Corporation Ltd (ASX:) declined 5.11% or 0.210 points to end at 3.900 and Metcash Ltd (ASX:) was down 4.81% or 0.140 points to 2.770.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 825 to 337 and 333 ended unchanged.

The , which measures the implied volatility of S&P/ASX 200 options, was up 5.96% to 14.235 a new 1-month high.

Gold Futures for February delivery was up 0.13% or 1.95 to $1486.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.80% or 0.45 to hit $56.55 a barrel, while the February Brent oil contract rose 0.85% or 0.52 to trade at $61.34 a barrel.

AUD/USD was down 0.31% to 0.6825, while AUD/JPY fell 0.33% to 74.11.

The US Dollar Index Futures was up 0.03% at 97.708.

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