Australia’s stock market concluded the trading session on Tuesday with the S&P/ASX 200 index registering a 0.89% decline. The downward trend was predominantly driven by losses in key sectors, including Gold, Energy, and Resources.
Among the noteworthy performers during this session on the S&P/ASX 200, Origin Energy Ltd (ASX:ORG) displayed strength by gaining 2.42%, equivalent to 0.19 points, closing at 8.05. Unibail Rodamco Westfield (ASX:URW) exhibited positive movement, with an increase of 2.25% or 0.11 points, concluding the session at 4.99. Perenti Global Ltd (ASX:PRN) saw an uptick of 2.24%, adding 0.03 points to reach 1.14 in late trading.
Conversely, the session witnessed some significant underperformers, including Mesoblast Ltd (ASX:MSB), which experienced a substantial decline of 17.97%, translating to 0.07 points, closing at 0.32. Pilbara Minerals Ltd (ASX:PLS) observed a decrease of 9.07% or 0.32 points, concluding the session at 3.21. St Barbara Ltd (ASX:SBM) recorded a 6.98% dip, losing 0.02 points and closing at 0.20.
On the Sydney Stock Exchange, falling stocks outnumbered advancing ones, totaling 851, compared to 350 advancing stocks. Additionally, 367 stocks ended the session unchanged.
The S&P/ASX 200 VIX, reflecting the implied volatility of S&P/ASX 200 options, increased by 7.32% to 10.98.
In the commodities market, Gold Futures for February delivery experienced a 0.45% increase, gaining 9.20 points to trade at $2,051.40 per troy ounce. In other commodities trading, Crude oil for January delivery rose by 0.14%, equivalent to 0.10, reaching $73.14 per barrel. The February Brent oil contract witnessed a slight increase of 0.05% or 0.04, trading at $78.07 per barrel.
Currency markets observed the AUD/USD pair remaining unchanged at 0.66, while AUD/JPY fell by 0.65% to 96.83.
The US Dollar Index Futures reported a minor decrease of 0.10%, closing at 103.54.