Market Close Commentary; 25 March 2020

  • Mar 25, 2020
  • Team Kalkine

It’s been another day, where the sectors on ASX have ended the day’s session in green. Most sectors have done well and have grown up by more than 2%.

Benchmark index S&P/ASX 200 soared up by ~ 5.54% from the previous close & settled at 4,998.1. Amongst all the sectors, including banks, resources, materials, industrial, financial and A-REIT sectors soared up by more than 7%.

From the banks sector, the shares of Commonwealth Bank (ASX:CBA) zoomed up by ~9.5%, Westpac (ASX:WBC) by ~9.24%, and Australia And New Zealand Banking Group Limited (ASX:ANZ) by ~ 11.58%.

The shares of one of the ASX listed fintech company, Afterpay Limited (ASX:APT) rose by ~ 34%.

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

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report  Top Dividend Stocks to Consider in 2020

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