Market Close Commentary; 17 July 2020  

  • Jul 17, 2020 AEST
  • Team Kalkine

Today, the market ended in the green zone. The S&P/ASX 200 ended at 6033.6, up by 0.38 per cent when compared with yesterday's closing of 6010.9. The index showed a fluctuating trend during the trading session but managed to end in the green zone. All sectors, other than the information technology sector, ended in the green zone.

The increasing cases are of more significant concern for Aussies. Today, 428 new cases have been recorded in Victoria in the last 24 hours, with three more deaths in the state. As a precautionary measure, NSW is also tightening restrictions on indoor gatherings.

US stock market on Thursday ended in the red zone with NASDAQ Composite down by 0.73 per cent, Dow Industrials dipped by 0.50 per cent, and the S&P 500 is down by 0.34 per cent. The market remained gloomy due to initial weekly jobless claims that increased by 1.3 million in the week ending 11 July.

The top-performing stocks for today's market are:  

  • Abacus Property Group (ASX:ABP), which was up by 6.564 per cent when traded at AUD 2.760, and
  • Alumina Limited (ASX:AWC), which grew by 4.348 per cent when traded at AUD 1.800.    

The worst-performing stocks for today's market are: 

  • AVITA Therapeutics, Inc.  (ASX:AVH), which traded at AUD 6.380, down by 4.776 per cent, and
  • Flight Centre Travel Group (ASX:FLT), which traded at AUD 10.460, down by 2.788 per cent.  

See the graph below to view five best and worst-performing stocks in today's market: 

 


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