The Australian stock market remained gloomy even today and continued the downtrend by finishing in the red zone at 5719.8, down by 2.19 per cent as compared to Friday's closure of 5847.8.
The depressing trend continued despite a rebound on the Wall Street and all sectors in the Australian stock market ended in the red zone today, for the third consecutive day.
Federal Reserve's discouraging predictions on the US economy is adding to the market woes. As per Federal Reserve, the US economy has a long and hard road to recover and US interest rates to remain near zero for two and a half years.
The virus crisis has still tightly gripped the US and other countries, and it seems the market is unable to keep itself immune from these uncertain circumstances.
The best performing stocks for today's market were:
- Healius Limited (ASX:HLS),up by 18.972 per cent when traded at AUD 3.010.
- Monadelphous Group Limited (ASX:MND) which was up by 3.608 per cent when traded at AUD 11.200.
The worst-performing stocks for today were:
- Pilbara Minerals Limited (ASX:PLS) which traded at AUD 0.265, down by 14.516 per cent, and
- Corporate Travel Management (ASX:CTD) which traded at AUD 11.400, down by 10.307 per cent.
Let's see the graph below to view the top five best and worst-performing stocks today:
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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