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Australian equities decline at close of trade
On Wednesday, Australian equities declined after the close. It’s because dips in the Telecoms Services, Energy as well as Resources sectors suppressed stocks.
The S&P/ASX 200 inched down 0.12%.
Rising 9.66%, 4.67% and 2.91% respectively, the benchmarks Seven Group Holdings Ltd, Brambles Ltd and Cleanaway Waste Management Ltd became the leaders of the session on the S&P/ASX 200.
On the contrary, TPG Telecom Ltd, Asaleo Care and Nanosonics Ltd lost 6.56%, 4.32% and 3.72% respectively, thus becoming the worst performers of the session.
Diving shares outclassed growing ones on the Sydney Stock Exchange by 589 to 554. Meanwhile, 371 didn’t change.
Stocks in TPG Telecom Ltd went down to 3-years minimums, diving 6.56% and getting to 5.130.
The S&P/ASX 200 VIX, tracking the implied volatility of S&P/ASX 200 options, demonstrated a 2.26% dip hitting 11.930 - a fresh 1-month minimum.
The currency pair AUD/USD grew 0.12% trading at 0.8020.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.