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.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK