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 shares decrease at close of trade
On Monday, Australian stocks decreased after the close, as losses in the Telecoms Services, A-REITs as well as Consumer Discretionary sectors brought stocks down.
The S&P/ASX 200 sank 0.36%.
Syrah Res F, Primary Health Care Ltd and Japara Fpo turned to be the best performers of the session on the S&P/ASX 200. They soared 5.93%, 3.34% and 3.28% respectively.
The worst performance was demonstrated by Fletcher Building Ltd, Harvey Norman Holdings Ltd and Myer Holdings Ltd. They slid respectively 8.73%, 8.42% and 3.52%.
Diving shares outnumbered soaring ones on the Australia Stock Exchange by 631 to 453, while 359 ended intact.
Assessing the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX managed to gain 5.43%, hitting 10.274.
The currency pair AUD/USD headed north 0.30%, trading at 0.7728, AUD/JPY rallied 0.18%, trading at 86.95.
The US Dollar Index Futures decreased 0.17%, showing 99.97.
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