Market Close Commentary; 05 February 2020

  • Feb 05, 2020 AEDT
  • Team Kalkine

By the closure of the market on 05 February 2020, the S&P/ASX 200 index closed at 6,976.1 with a growth of 0.39% above its previous close.

Most of the sectors except the banking sector, financial sector, communication services and utilities sector closed in green. Amongst all the sectors, S&P/ASX 200 Information Technology sector was the best performing sector of the day while S&P/ASX 200 Utilities (Sector) could not perform well and closed 0.79% below its previous close.

Big four under the banking sector which includes Westpac Banking Corporation (ASX: WBC) dropped by 0.282%, Commonwealth Bank of Australia (ASX: CBA) by 1.22% and closed at $83.280 from its previous close while Australia And New Zealand Banking Group Limited (ASX: ANZ)  closed at $25.820, up 0.584% from its previous close and National Australia Bank Limited (ASX: NAB) closed 0.039% above its previous close at $25.610.

Under the utilities sectors, top players like APA Group (ASX: APA) and AGL Energy (ASX: AGL) reported a fall in its share price by 0.53% (closed at $11.30) and 1.06% (closed at $19.56) respectively from their previous close.

Let’s look at the best and worst performing stock for the day.


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