Australia Stocks and S&P/ASX 200 Drops At The End Of Trading

On Wednesday, Australia stocks were softer after the stock trading. It was due to the deficits in the IT, Consumer Discretionary, and Financials sectors that led the shares weaker.

At the end of trading in Sydney, the XJO plunged 0.13%.

The best performers of the trading session on the S&P/ASX 200 were IGO , which soared 6.00% or 0.390 points to trade at 6.890 at the close.

Meanwhile, ASX:NCM also increased by 4.03% or 1.240 points to end at 32.000 as well as RRL that rose 3.70% or 0.160 points to 4.480 in late trading.

On the flip side, the worst performers of the session were PNV declined 8.13% or 0.165 points to trade at 1.865 at the end of the stock trading.

ASX:PDL also dropped 5.32% or 0.480 points to end at 8.540 along with PLS that decreased 4.76% or 0.015 points to 0.300.

Meanwhile, falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 761 to 402, and 333 ended untouched.

Moreover, shares in IGO grew to 5-year highs; up 6.00% or 0.390 to 6.890.

The XVI , which is measuring the implied volatility of S&P/ASX 200 options, strengthened 3.14% to 13.018.