Australia stocks lower at close of trade; S&P/ASX 200 down 0.83%

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 0.83%.

The best performers of the session on the were Silver Lake Resources Ltd (ASX:), which rose 7.04% or 0.075 points to trade at 1.140 at the close. Meanwhile, Pinnacle Investment Management Group Ltd (ASX:) added 5.77% or 0.270 points to end at 4.950 and Galaxy Resources Ltd (ASX:) was up 5.68% or 0.050 points to 0.930 in late trade.

The worst performers of the session were Costa Group Holdings Ltd (ASX:), which fell 18.02% or 0.578 points to trade at 2.630 at the close. Speedcast International Ltd (ASX:) declined 8.68% or 0.095 points to end at 1.000 and Bega Cheese Ltd (ASX:) was down 7.59% or 0.300 points to 3.650.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 685 to 467 and 357 ended unchanged.

Shares in Costa Group Holdings Ltd (ASX:) fell to 3-years lows; losing 18.02% or 0.578 to 2.630. Shares in Bega Cheese Ltd (ASX:) fell to 5-year lows; losing 7.59% or 0.300 to 3.650.

The , which measures the implied volatility of S&P/ASX 200 options, was up 7.21% to 12.372.

Gold Futures for December delivery was up 0.07% or 1.05 to $1491.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.56% or 0.31 to hit $55.23 a barrel, while the December Brent oil contract fell 1.01% or 0.62 to trade at $60.97 a barrel.

AUD/USD was up 0.02% to 0.6865, while AUD/JPY fell 0.01% to 74.72.

The US Dollar Index Futures was down 0.02% at 97.447.

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