Market Close Commentary; 14 May 2020

  • May 14, 2020 AEST
  • Team Kalkine

Towards the end of market closure, benchmark index S&P/ASX200 remained in the red zone at 5328.7 points, a decline of 1.72 per cent from yesterday’s close at 5,421.9 points.

The declining market reflected negative sentiments amid 594,300 jobs lost between March and April, as per the latest report by ABS. PM Scott Morrison said it is devastating for those employees, their families, and the communities. He cited that though this was not unanticipated during covid-19 crisis, but it is a terribly shocking and a very tough day.

All industry sectors declined today and ended in the red zone, with a maximum decline in energy and IT sector. The top gainers of the day were GrainCorp Limited (ASX:GNC) that traded at AUD 3.670, up by 11.55 per cent and Breville Group Limited (ASX:BRG) traded at AUD 19.950, up by 6.684 per cent.

The worst performer of the day was Unibail-Rodamco-Westfield (ASX:URW) which traded at AUD 3.650, dipped by 7.828 per cent and McMillan Shakespeare Limited (ASX:MMS) traded at AUD 6.900, decline by 7.507 per cent.

Let’s look at the graph for the best and worst performing stocks for today: 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are 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. 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