Australian equities decline at close of trade

Australian equities decline at close of trade

On Wednesday, Australian shares slumped after the close because losses in the Gold, A-REITs as well as Industrials sectors suppressed stocks.

The S&P/ASX 200 dived 0.64% in Sydney.

On the S&P/ASX 200 the best performers were represented by such benchmarks as Magellan Financial Group Ltd, Beach Energy Ltd and Platinum Asset Management Ltd. They ascended respectively 4.69%, 4.44% and 4.42%.

Meanwhile, the top losers were Macquarie Atlas Roads Group, Syrah Resources Ltd and Pact Group Holdings Ltd. They went down respectively 5.22%, 5.14% and 4.89%.

On the Sydney Stocks Exchange diving stocks outnumbered soaring equities by 743 to 524, while 354 were intact.

Equities in Beach Energy Ltd edged up to 3-years maximums, ascending 4.44% to 1.353. Additionally, stocks in Platinum Asset Management Ltd tacked on to 52-week peaks, adding 4.42% to 8.260.

The currency pair AUD/USD stood still, sticking to 0.7824, AUD/JPY dived 0.35% hitting 87.83.

 

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