Market Close Commentary; 14 February 2020

  • Feb 14, 2020 AEDT
  • Team Kalkine

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.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from 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.

 

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.

CLICK HERE FOR YOUR FREE REPORT!
   
x
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