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Australian stocks head south

On Friday, Australian stocks headed south after the close, as losses in the Metals & Mining, Gold and Resources sectors brought shares down.

The S&P/ASX 200 edged down 0.03%.

The best performers of the trading session on the S&P/ASX 200 were Galaxy Resources Ltd with its 9.84% rise, Alumina Ltd with its 4.64% revenues and Whitehaven Coal Ltd, which managed to surged about 3.99%.

As for the worst performers, they were represented by Iluka Resources Ltd, falling 5.62%, Northern Star Resources Ltd, descending 4.65% and Independence Group NL, going down 4.25%.

Descending stocks managed to outperform rising ones on the Australia Stock Exchange by 533 to 498, while 315 ended intact.

Shares in Whitehaven Coal Ltd ascended to 3-years peaks, soaring 3.99% or 0.110 to 2.870.

The S&P/ASX 200 VIX, gauging the implied volatility of S&P/ASX 200 options, sank 5.34%, reaching 14.125.

The currency pair AUD/USD rose 0.08%, trading at 0.7575. AUD/JPY grew 0.40%, trading at 78.80.


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