Market Close Commentary; 25 June 2020 

  • Jun 25, 2020 AEST
  • Team Kalkine

The Australian stock market today plunged by 2.48 per cent when benchmark index S&P/ASX200 finished at 5817.7 as compared to Wednesday's closure of 5965.7.

The ASX market closed in the red zone after the US stock market tumbled on Wednesday in the wake of spiked virus cases in the US. There is a growing fear of the second shutdown in America. Florida, California, and Oklahoma have reported record cases. The Texas governor has warned of the massive outbreak across the state.

In the worst day for the US stock market since 11 June, the Dow Jones Industrial declined by 2.7 per cent, S&P 500 finished at 2.6 per cent lower, and Nasdaq Composite dropped by 2.2 per cent. 

ABS has also released a report on job vacancies in May 2020, which shows about 43.2 per cent decline from February 2020.

Overall, today was a depressing trading session where all sectors have ended in the red zone.

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

  • PolyNovo Limited (ASX:PNV),up by 4.065 per cent and traded at AUD 2.560 with a market cap of AUD 1.63 billion. 
  • BWP Trust (ASX:BWP) which was up by 2.551 per cent when traded at AUD 4.020 with a market cap of AUD 2.52 billion.

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

  • Flight Centre Travel Group (ASX:FLT) which traded at AUD 11.460. It has a market cap of AUD 2.56 billion and was down by 11.025 per cent, and
  • oOh!media Limited (ASX:OML) which traded at AUD 0.930, with a market cap of AUD 603.62 million, was down by 8.824 per cent.

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

 


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