Market Close Commentary; 25 February 2020

February 25, 2020 06:41 PM AEDT | By Team Kalkine Media

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At the end of the trading session on 25 February 2020, the S&P/ASX 200 index settled at 6,866.6, representing a drop of 1.63% from its previous close, majorly driven by coronavirus fear.

As per the recent release of WHO, there are 79,331 confirmed cases of COVID-19. Out of which, 77,262 cases are from China while remaining were from outside China.

Most sectors closed in red and communication services sector became the worst performing sector of the day. The sector closed at 2.57% below its previous close and settled at 1,289.9.

Next in line to this sector is Consumer Discretionary which was the second worst performing sector of the day. The sector dropped by 2.51% and closed at 2,701.1.

The shares of big players from communication services sector like Telstra dropped by ~3% by the market close and settled at $3.6 and the shares of TPG dropped ~ 1.15% from its previous close.

From Consumer Discretionary, the shares of Webjet tumbled 6.538% from its previous close and settled at $11.58.

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

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