Market Close Commentary; 12 May 2020

  • May 12, 2020 AEST
  • Team Kalkine

Most of the sectors by the end of the day’s trade on 12 May 2020 closed in the red zone because of the rising tension between Australia and China, where China has banned imports from 4 Australian slaughterhouses.

Benchmark index S&P/ASX 200, dropped by 1.13% and ended day’s session at 5,348.6.  

Amongst various sectors, Emerging Companies, Energy, Metals and mining, Resources dropped below 2%.

From the metals and mining sector, the shares of big players like BHP limited (ASX:BHP) dropped by 2.63% and settled at $30.720. Other player from the same sector, Fortescue Metals Group Ltd (ASX:FMG) reported 3.22% drop in its share price.

Let us 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.

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