Market Close Commentary; 06 February 2020

February 07, 2020 07:22 PM AEDT | By Team Kalkine Media

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On 07 February 2020, the S&P/ASX 200 index closed at 7,022.6, with a fall of 0.38% below its previous close.

Most of the sectors except the REIT, consumer staples and real estate sector closed in red zone.

Amongst all the sectors, S&P/ASX200 A-REIT sector was the best performing sector of the day which closed at 1,679.5, 0.54% above its previous close;
While S&P/ASX200 Energy (Sector) could not perform well and closed 1.69% below its previous close.

It might be possible because of the January China January exports, imports data. A report from Reuters, says that the export from China are expected to have dropped ~ 4.8% as compared to the previous year because of the coronavirus outbreak, seasonal distortion by long Lunar New Year holidays. Also, imports are projected to decline by 6% as compared to the last year.

Top players in the energy sector like Woodside Petroleum (ASX: WPL), Santos Ltd (ASX: STO) and Origin Energy (ASX: ORG) closed at $33.85 (down 1.48%), $8.24 (down 1.67%) and $7.74 (down 2.03%) respectively.

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

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