Market Close Commentary; 1 July 2020

  • Jul 01, 2020 AEST
  • Team Kalkine

The Australian share market ended the first trading session of the new financial year by gaining 0.62 per cent, with the benchmark index closing at 5934.4 as compared to yesterday's closure of 5897.9.

The US market on Tuesday ended in the green zone with Dow Industrials up by 0.85 per cent, S&P 500 surged up by 1.54 per cent, and NASDAQ composite up by 1.87 per cent.

What's interesting is, though it was a rough quarter for the US economy due to virus-fueled recession, the US stocks surged to the best quarter since 1998 on the final day. 

The US government's top infectious diseases expert said that the surge in cases could be more than double if Americans fail to take steps to curb the infection.

The top-performing stocks for today's market are: 

  • NEXTDC Limited (ASX:NXT) was up by 8.097 per cent when traded at AUD 10.680, and
  • Corporate Travel Management Limited (ASX:CTD), which was up by 7.946 per cent when traded at AUD 10.460.

The worst-performing stocks for today's market are:

  • Tuas Limited (ASX:TUA), which traded at AUD 0.510, down by 24.444 per cent, and
  • Wisetech Global Limited (ASX:WTC), which traded at AUD 18.550, down by 4.134 per cent.

Let's see the graph below to view the top five best and worst-performing stocks today:

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. 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.

 

Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.

Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.

Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.

Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.

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