$69 postpage LB

Market Close Commentary; 13 May 2020

  • May 13, 2020 05:14 PM 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.

Gold MTF non-AMP

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.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is 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. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on 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. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
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