Market Close Commentary; 20 February 2020

  • Feb 20, 2020 AEDT
  • Team Kalkine

By the end of the trading session on 20 February 2020, the S&P/ASX 200 index settled at 7,162.5, representing a slight growth of 0.25% from its previous close.

Most sectors closed in green except sectors like Health Care, Information Technology and Emerging Companies Index (TR).

Amongst the various sectors on ASX, Consumer Staples was the best performing sector which closed 0.93% above its previous close and settled at 13,573.

However, Information Technology sector was seen dropping down in past couple of days and remained the worst performing sector for the day.

The Information Technology sector on 20 February 2020, tumbled by 1.74% and closed at 1,509.5. It was mainly influenced by the fall in the share price of big players from this sector like Altium Limited (ASX: ALU) and  WiseTech Global Limited (ASX: WTC).

WTC shares dropped by more than 27% on 19 February 2020 and dropped further by 11.78% today to close at $18.88 and is near to its 52 weeks low price.

Let’s look at the best and worst performing stock for the day. 

 

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