Market Close Commentary; 13 May 2020

  • May 13, 2020 AEST
  • Team Kalkine

Most sectors by the end of the trading session on 13 May 2020 closed in the green zone except some of the sectors including Utilities, Emerging Companies, Energy and A-REIT.

Benchmark index S&P/ASX 200 closed marginally up by 0.35% from its last close and settled at 5,421.9.

Amongst various sectors on ASX, Banks and metals and mining sector improved by more than 1%. On the other hand, A-REIT sector could not perform well as the sector dropped by 2.15% and ended the day’s trade at 1,131.9.

From the banking sector, the shares of Commonwealth Bank of Australia (ASX:CBA) Improved by 1.909% and settled at $60.85, influenced by its March Quarter 2020 trading update along with the announcement to sell 55% stake in Colonial First State to KKR.

Let us look at the best and worst performing stocks for the day.

 


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