Australia shares lower at close of trade; S&P/ASX 200 down 0.48%

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Australia shares lower at close of trade; S&P/ASX 200 down 0.48%
Credit: © Reuters. – Australia equities were lower at the close on Wednesday, as losses in the Financials , Telecoms Services and IT sectors propelled shares lower.

At the close in Sydney, the S&P/ASX 200 declined 0.48%.

The biggest gainers of the session on the S&P/ASX 200 were Bellamys Australia Ltd (AX: BAL ), which rose 5.63% or 0.890 points to trade at 16.700 at the close. Seven West Media Ltd (AX: SWM ) added 5.23% or 0.040 points to end at 0.805 and Southern Cross Media Group Ltd (AX: SXL ) was up 5.00% or 0.060 points to 1.260 in late trade.

Biggest losers included Orocobre Ltd (AX: ORE ), which lost 5.74% or 0.340 points to trade at 5.580 in late trade. Rea Group Ltd (AX: REA ) declined 3.98% or 3.620 points to end at 87.290 and Metcash Ltd (AX: MTS ) shed 3.32% or 0.100 points to 2.910.

Declining stocks outnumbered rising ones by 756 to 466 and 422 ended unchanged on the Sydney Stock Exchange.

The S&P/ASX 200 VIX , which measures the implied volatility of S&P/ASX 200 options, was up 15.43% to 13.201.

In commodities trading, Gold Futures for June delivery was down 0.17% or 2.20 to $1296.80 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.01% or 0.01 to hit $66.72 a barrel, while the August Brent oil contract fell 0.15% or 0.11 to trade at $75.38 a barrel.

AUD/USD was up 0.29% to 0.7527, while AUD/JPY rose 0.31% to 81.87.

The US Dollar Index Futures was down 0.37% at 94.46.

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