BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
Australian equities leap at close of trade
On Wednesday, Australia equities grew after the close because leaps in the Metals & Mining, Materials and also Gold sectors underpinned stocks.
The S&P/ASX 200 went up 0.03%.
The winners of the session on the S&P/ASX 200 were such benchmarks as Mayne Pharma Group Ltd, St Barbara Ltd and Saracen Mineral Holdings Ltd. They grew respectively 12.40%, 4.15% and 3.36%.
On the contrary, the losers were represented by Graincorp Ltd, Aveo Group and Galaxy Resources Ltd. They slumped 4.44%, 2.76% and 2.64% respectively.
On the Sydney Stock Exchange ascending equities supplanted losing ones by 609 to 565, while 341 ended intact.
The S&P/ASX 200 VIX that gauges the implied volatility of S&P/ASX 200 options, rallied 4.28% being worth 12.845.
The currency pair AUD/USD surged 0.07% trading at 0.8026. Additionally, AUD/JPY stood still sticking to 88.34.
The US Dollar Index Futures tumbled 0.10% being worth 91.80.
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