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.



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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.

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