Market Close Commentary; 18 June 2020 

  • Jun 18, 2020 AEST
  • Team Kalkine

The market remained gloomy today and the benchmark index S&P/ASX200 ended in the red zone after finishing at 5936.5, down by 0.92 per cent when compared to yesterday's closure of 5991.8. All sectors ended in the red zone except the Utilities sector.

The market is reflecting the negative sentiments after today's ABS report on the Australian unemployment rate in May 2020. The data confirms that about 227,700 jobs were lost in May, which resulted in the unemployment rate surged by 7.1 per cent.

The fresh outbreak of the virus in the US and China also affecting the Wall street and the Australian stock market. The virus-related struggle of the biggest economies of the world is adding to the market woes. China has announced new stringent measures to contain the second virus outbreak in Beijing.

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

  • Perenti Global Limited (ASX:PRN),up by 4.301 per cent and traded at AUD 1.455, and
  • Austal Limited (ASX:ASB) which was up by 3.704 per cent and traded at AUD 3.360.

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

  • Vocus Group Limited (ASX:VOC) which traded at AUD 3.000, down by 6.25 per cent, and
  • CSR Limited (ASX:CSR) which traded at AUD 3.700, down by 5.371 per cent.

Let's see the graph below to view the top five best and worst-performing stocks today:

 


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