Market Close Commentary; 10 June 2020 

  • Jun 10, 2020 AEST
  • Team Kalkine

After shaking a bit in the morning, the benchmark index S&P/ASX200 posted a seven-day streak by finishing at 6148.4, up by 0.06 per cent as compared to yesterday's closure of 6,144.9.

The market is reflecting an optimistic trend in a highly uncertain environment due to the prolonged ongoing virus crisis.

The US market ended in the green zone in its last trading session as the positive sentiments are high due to much less unemployment rate in May 2020 against the analysts' expectation of a much higher jobless rate. Going by the high jobless rate of 14.7 per cent in April, the experts were anticipating a jobless rate of around 20 per cent or higher.

The top gainer in today's market were

  • Saracen Mineral Holdings Limited (ASX:SAR), up by 8.49 per cent when closed trading at AUD 4.600, and
  • BNPL pioneer company Afterpay Limited (ASX:APT) which was up by 7.535 per cent when traded at AUD 54.520.

The worst-performing stocks for today were –

  • G8 Education Limited (ASX:GEM)which traded at AUD 1.055, down by 5.804 per cent, and
  • Cooper Energy Limited (ASX:COE) which traded at AUD 0.420, down by 5.618 per cent.

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

 


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