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After yesterday's gloomy trading session due to the ABS report on Australian unemployment rate in May 2020, today the market reflected some positive sentiments thanks to yet another report from ABS. As per the latest preliminary data released today, there has been a 16.3 per cent lift in estimated retail turnover from April to May 2020, with revenue growing by 5.3 per cent in May 2020 as compared to the corresponding period last year.

The market closed for the week by ending in the green zone. The benchmark index S&P/ASX200 finished at 5942.6, up by 0.10% as compared to yesterday's closure of 5936.5.

However, the uncertainty is still there in the wake of the prolonged virus crisis and also the world's biggest economies, US and China are now struggling with a fresh outbreak of the coronavirus.

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

  • AP Eagers Limited (ASX:APE),up by 9.869 per cent when traded at AUD 7.570, and
  • Netwealth Group Limited (ASX:NWL) which was up by 9.058 per cent when traded at AUD 9.030.

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

  • Orora Limited (ASX:ORA) which traded at AUD 2.310, down by 15.693 per cent, and
  • Scentre Group (ASX:SCG) which traded at AUD 2.210, down by 4.741 per cent.

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

 

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Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.

Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.

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