. Australia stocks lower at close of trade; S&P/ASX 200 down 0.34%

Australia stocks lower at close of trade; S&P/ASX 200 down 0.34%

11 Oct 2022

S&P 200 is trading down 0.18% at 6639.00

Australia stocks were lower after the close on Tuesday, as losses in the Energy, IT and A-REITs sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 0.34%.

The best performers of the session on the S&P/ASX 200 were Polynovo Ltd (ASX:PNV), which rose 6.02% or 0.10 points to trade at 1.76 at the close. Meanwhile, Perenti Global Ltd (ASX:PRN) added 5.32% or 0.05 points to end at 0.99 and Orica Ltd (ASX:ORI) was up 4.36% or 0.56 points to 13.39 in late trade.

The worst performers of the session were EML Payments Ltd (ASX:EML), which fell 6.90% or 0.05 points to trade at 0.68 at the close. Pointsbet Holdings Ltd (ASX:PBH) declined 6.64% or 0.14 points to end at 1.97 and Megaport Ltd (ASX:MP1) was down 4.91% or 0.38 points to 7.36.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 765 to 501 and 358 ended unchanged.

Shares in EML Payments Ltd (ASX:EML) fell to 5-year lows; down 6.90% or 0.05 to 0.68.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.01% to 19.66.

AUD/USD was unchanged 0.51% to 0.63, while AUD/JPY fell 0.57% to 91.31.

On technical fronts S&P 200:RSI stood at 24.34 and currently it is trading below all MA. So, SELL position can be taken with following target and stoploss:

TRADE SIGNAL – : S&P 200 – SELL: 6638.00, TARGET: 6617.00, STOP LOSS: 6651.00