Market Close Commentary; 23 June 2020 

Today, the market witnessed a fluctuating trend and managed to finish in the green zone with benchmark index S&P/ASX200 ending at 5954.4, up by 0.17 per cent as compared to yesterday's closure of 5,944.5.

The world is undergoing a recession due to the virus crisis, and the market is trying hard to remain optimistic amid the uncertain condition worldwide.

The US has suffered a lot in the first wave of the crisis and is now struggling with fresh cases. US stocks are trying hard to remain unaffected due to the negative sentiments in the wake of the new cases. Similarly, China is facing a new outbreak in Beijing, and lockdown measures have reduced the economic activity of the region.

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

  • Western Areas Limited (ASX:WSA),up by 16.017 per cent when traded at AUD 2.680, after WSA announced promising results from the initial diamond drill hole at the Sahara prospect in South Australia.
  • Cromwell Property Group (ASX:CMW) which was up by 8.046 per cent when traded at AUD 0.940.

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

  • Challenger Limited (ASX:CGF) which traded at AUD 4.800, down by 9.774 per cent, and
  • Mesoblast Limited (ASX:MSB) which traded at AUD 3.390, down by 8.378 per cent.

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


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