By the end of the trading session on 14 February 2020, the S&P/ASX 200 index settled at 7,130.2, representing a marginal growth of 0.38% from its previous close.
In the last one week, the index surged up by 1.67% majorly influenced by the earnings season.
Most of the sectors on ASX closed in green; however, sectors like S&P/ASX 200 Energy, S&P/ASX 200 Information Technology, S&P/ASX 200 Materials, S&P/ASX 200 Resources, S&P/ASX 200 Communication Services and S&P/ASX 300 Metals and Mining (Industry) closed in red.
S&P/ASX 200 Banks (Industry) was the best performer of the day which ended the day’s session at 2,575.2, up 1.93%, driven by the Q1 FY2020 result of National Australia Bank Limited (ASX: NAB) which delivered an unaudited statutory NPAT of $1.70 billion. NAB shares settled at $27.350, up 3.25% from its last close.
Let’s look at the best and worst performing stock for the day.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.