Australia stocks lower at close of trade; S&P/ASX 200 down 1.02%
Australia stocks were lower after the close on Thursday, as losses in the IT, Gold and Metals & Mining sectors led shares lower.
At the close in Sydney, the S&P/ASX 200 lost 1.02%.
The best performers of the session on the S&P/ASX 200 were Adbri Ltd (ASX:ABC), which rose 6.76% or 0.10 points to trade at 1.50 at the close. Meanwhile, Woodside Energy Ltd (ASX:WDS) added 6.18% or 2.01 points to end at 34.56 and Challenger Ltd (ASX:CGF) was up 4.64% or 0.30 points to 6.77 in late trade.
The worst performers of the session were Megaport Ltd (ASX:MP1), which fell 11.80% or 0.78 points to trade at 5.83 at the close. EML Payments Ltd (ASX:EML) declined 8.57% or 0.06 points to end at 0.64 and St Barbara Ltd (ASX:SBM) was down 8.00% or 0.04 points to 0.46.
Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 848 to 405 and 355 ended unchanged.
Shares in EML Payments Ltd (ASX:EML) fell to 5-year lows; falling 8.57% or 0.06 to 0.64. Shares in St Barbara Ltd (ASX:SBM) fell to 5-year lows; falling 8.00% or 0.04 to 0.46.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 2.86% to 18.76.
S&P 200 Technical Analysis: Daily Chart
In the daily charts, S&P 200 is trading in an up channel. S&P 200 is currently trading above 20 days SMA & below 50 and 100 days SMA.
RSI is in selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 6672.00 & the resistance level is at 6820.00.
S&P 200 INDEX will trade in an up channel until there is trend reversal.
How to Trade S&P 200 INDEX this Week:
S&P 200 INDEX will follow the uptrend until there is trend reversal. So, remain bullish on S&P 200 INDEX.