Market Close Commentary; 20 August 2020

2 min read | August 20, 2020 06:20 PM AEST | By Team Kalkine Media

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The Australian share market today had a gloomy trading session with benchmark index S&P/ASX200 ending at 6120, down by 0.77 per cent as compared to the yesterday's closure of 6167.6. Australia continues to battle the virus crisis. Today, Victoria reported 240 new cases and 13 deaths, whereas NSW reported five new cases.

The US stock market on Wednesday also had a depressing session with benchmark indexes ending in the red zone. NASDAQ Composite declined by 0.57 per cent, Dow Industrials was down by 0.31 per cent, and the S&P 500 dipped by 0.44 per cent.

The commodity section today at AEST 3:17 PM - the Australian Dollar was down by 0.08 per cent; it was trading at AUD 0.7176, gold surged by 0.78 per cent and was trading at USD 1943.80. At the same time, Crude oil dropped by 0.86 per cent and was trading at USD 42.75 a barrel.

The stocks that exceeded others in today's trading session are:

IDP Education Limited (ASX:IEL)was the top gainer today and traded at AUD 19.17, up by 28.49 per cent. IEL today announced FY20 results and reported a 17 per cent increase in its earnings before interest and tax (EBIT) and a strengthened balance sheet.
McMillan Shakespeare Limited (ASX:MMS)remained the second top gainer. It traded at AUD 10.01 and was up by 14.79 per cent.

The stocks that suffered the most today are:

Webjet Limited (ASX:WEB) traded at AUD 3.22 and was dipped by 12.50 per cent.
IPH Limited (ASX:IPH) traded at AUD 7.62 and was down by 9.93 per cent.

Let's see the graph below for the five top and least performing stocks for today's market:

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