Australian shares inch down at close of trade

Australian shares inch down at close of trade

On Wednesday, after the close Australian shares moved down since losses in the Metals & Mining, Resources, not to mention Materials sectors suppressed stocks.

The S&P/ASX 200 slumped 1.44%.

Cochlear Ltd, Aurizon Holdings Ltd and Flexigroup Ltd happened to be indisputable winners of the session on the S&P/ASX 200. They acquired respectively 3.27%, 1.86% and 1.71%.  

As for the worst performers, we should mention Qbe Insurance Group Ltd, Retail Food Group Ltd and Western Areas Ltd, tumbling respectively 10.43%, 10.02% and 7.45%.   

On the Sydney Stock Exchange sagging shares managed to supplant rising ones by 750 to 412, while 411 were intact.

Stocks in Cochlear Ltd tacked on to all time peaks, soaring 3.27% and hitting 159.48. Stocks in Retail Food Group Ltd went down to 52-week minimums, losing 10.02% and getting to 4.580.

The S&P/ASX 200 VIX, normally gauging the implied volatility of S&P/ASX 200 options, acquired 14.03%, demonstrating 14.443, its fresh 6-months peak.

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