Market Close Commentary; 06 February 2020

  • Feb 07, 2020 AEDT
  • Team Kalkine

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.

 

 

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