Market Close Commentary; 15 May 2020

  • May 15, 2020 AEST
  • Team Kalkine

Before closing for the week, the market ended in the green zone after yesterday’s fall to 5328.7 points, by 1.72 per cent. Today, the benchmark index S&P/ASX200 closed at 5404.8 points, up by 1.43 per cent. In contrast to yesterday’s performance, all sector today ended in the green zone except the IT sector.

Amid Prime Minister making Australians prepared for more bad news in the coming days, it will be noteworthy to see how the market will face these reports. Today the market seems to recover from the yesterday’s ABS announcement giving a grim picture of unemployment in the country.

The topmost gainers in the market were Silver Lake Resources Limited (ASX:SLR) which traded at AUD 2.150, an increase in 8.861 per cent and Gold Road Resources Limited (ASX:GOR) traded at AUD 1.655, up by 7.12 per cent. The stocks that declined most in today’s market and ended in the red zone were Xero Limited (ASX:XRO) traded at AUD 75.320, down by 5.579 per cent and United Malt Group Limited (ASX:UMG) which traded at AUD 4.100, dipped by 4.429 per cent.

Let’s have a look at the graph showing the best and worst performances on Friday before market close: 

 


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