Australia stocks lower at close of trade; S&P/ASX 200 down 0.38%

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At the close in Sydney, the S&P/ASX 200 declined 0.38% to hit a new 1-month low.

The best performers of the session on the S&P/ASX 200 were Pilbara Minerals Ltd (ASX:PLS), which rose 7.03% or 0.26 points to trade at 3.96 at the close. Meanwhile, Megaport Ltd (ASX:MP1) added 5.22% or 0.36 points to end at 7.26 and Nuix Ltd (ASX:NXL) was up 4.80% or 0.03 points to 0.66 in late trade.

The worst performers of the session were Super Retail Group Ltd (ASX:SUL), which fell 6.21% or 0.64 points to trade at 9.66 at the close. Codan Ltd (ASX:CDA) declined 5.63% or 0.38 points to end at 6.37 and Breville Group Ltd (ASX:BRG) was down 4.94% or 1.08 points to 20.80.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 670 to 639 and 386 ended unchanged.

Shares in Pilbara Minerals Ltd (ASX:PLS) rose to all time highs; gaining 7.03% or 0.26 to 3.96. Shares in Codan Ltd (ASX:CDA) fell to 52-week lows; falling 5.63% or 0.38 to 6.37.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.77% to 15.18.

Gold Futures for December delivery was up 0.25% or 4.30 to $1,726.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 2.81% or 2.44 to hit $89.31 a barrel, while the November Brent oil contract rose 0.05% or 0.05 to trade at $95.79 a barrel.

AUD/USD was unchanged 0.11% to 0.68, while AUD/JPY rose 0.64% to 96.14.

The US Dollar Index Futures was down 0.05% at 109.46.