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Australian Stocks Dip 0.04% in S&P/ASX 200 Close

Australian Stocks Dip 0.04% in S&P/ASX 200 Close

In a day marked by notable fluctuations, Australian stock market closed with the S&P/ASX 200 index down by 0.04%. The market observed significant losses within the Gold, A-REITs, and Consumer Staples sectors.

Top Performers Shine Bright

Among the session’s top performers on the S&P/ASX 200 was Ltd (ASX:KGN), demonstrating an impressive 8.72% rise, gaining 0.39 points and concluding at 4.86 as the trading session wrapped up. Meanwhile, Pointsbet Holdings Ltd (ASX:PBH) made substantial gains, adding 6.25% or 0.05 points, closing at 0.77 to Australian Stocks. Mineral Resources Ltd (ASX:MIN) also delivered an encouraging performance with a 4.63% increase, reflecting 2.66 points, and settling at 60.09 during the late trading hours.

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Worst Performers Struggle

On the flip side, the session witnessed Healius Ltd (ASX:HLS) as one of the worst performers, enduring a significant 6.48% drop, equivalent to 0.14 points, with a closing rate of 2.02. Zip Co Ltd (ASX:ZIP) also experienced a decline of 6.25%, or 0.02 points, concluding at 0.30. Ramelius Resources Ltd (ASX:RMS) was not immune to losses, falling by 5.63% or 0.10 points, reaching a value of 1.67.

Australian Stocks Market Overview

The Sydney Stock Exchange observed more declining Australian Stocks (611) than advancing ones (563), while 360 remained unchanged. Healius Ltd (ASX:HLS) touched a three-year low, closing at 2.02 with a 6.48% loss.

The S&P/ASX 200 VIX, measuring the implied volatility of S&P/ASX 200 options, experienced a 4.94% drop, ending at 14.54.

In the commodities market, Gold Futures for December delivery saw a slight decrease of 0.13%, resulting in a value of $1,983.60 per troy ounce. Crude oil for December delivery dipped by 0.39%, recording a loss of 0.33 and closing at $83.41 per barrel. Similarly, the December Brent oil contract decreased by 0.39%, losing 0.34 and ending at $87.73 per barrel.

Currency-wise, AUD/USD remained unchanged at 0.64, while AUD/JPY Australian Stocks experienced a 0.30% rise, reaching 95.56. The US Dollar Index Futures showed a minimal decline of 0.06%, closing at 106.02.

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Please note that this article serves solely for informational purposes. As such, it is not financial advice. We strongly advise readers to conduct thorough research and consult with financial professionals before making any investment decisions.

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