Australia stocks head south at close of trade

Australia stocks head south at close of trade

On Wednesday, Australia stocks headed south after the close, as losses in the Energy, Utilities as well as  Telecoms Services sectors brought shares down.

The S&P/ASX 200 edged down 0.21% at the close in Australia.

The best performers of the trading session on the S&P/ASX 200 included Computershare Ltd that surged 8.83%, trading at 9.740. Meanwhile, Cochlear Ltd gained 6.46%, being worth 133.080. Additionally,  Mesoblast Ltd surged 5.79%, trading at 1.280.

As for the worst performers of the trading session, we should point out to Monadelphous Group Ltd, which managed to sink 7.43%, trading at 10.720. Whitehaven Coal Ltd slumped 6.13%, hitting 1.760, while Fairfax Media Ltd edged down 4.27%, being worth 0.953.

Dropping stocks outnumbered soaring ones on the Australia Stock Exchange by 550 to 521, while 309 finished intact.

Stocks in Cochlear Ltd headed north to all time peaks, soaring 6.46% or 8.080, hitting 133.080.

The S&P/ASX 200 VIX, measuring the implied volatility of S&P/ASX 200 options, dropped 1.01% to 12.707 a fresh 52-week minimum. 

FTSE 100 pulls back from 2016 peaks

British stocks sagged, taking a breather after hitting their highest outcome this year, with traders waiting for further signals in lackluster trading.

The FTSE 100 tumbled 0.3%, being worth 6,830.52, with all sectors heading south. On Tuesday, the index soared 0.6% at 6,851.30, boasting the best close since June 2015 and a fourth straight win, as FactSet data states.

Smith & Nephew PLC stocks traded at the bottom of the benchmark, losing up to 1.8% after the medical equipment maker’s rating got downgraded to equal weight from overweight at Barclays.

However, stocks of broadcaster ITV PLC ascended by 0.3% after Entertainment One Ltd. , the Canadian film as well as and television producer behind the Peppa Pig cartoon franchise, dared to reject ITV’s $1.3 billion buyout offer.

Meanwhile, crude major Royal Dutch Shell PLC sagged 0.9%, and BP PLC tumbled 0.5% as crude prices demonstrated mixed outcomes. On Tuesday, they rebounded from a two-week peak as traders weighed worries regarding global oversupply against the prospects for an industry agreement to curb crude production.

Bazooka

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