By the market closure on 27 April 2020, most sectors on ASX closed in the green zone except the banks sector which tumbled by 1.33% and settled at 1,552.3.
Benchmark index S&P/ASX 200 improved by 1.5% and ended the day’s trade at 5,321.4. Real estate, All Technology, Information technology, and Industrials sectors were the best performing sectors for the day. These sectors grew up by more than 3% during the day.
From the Banking sector, Westpac Banking Corporation (ASX:WBC) reported a drop of 4.37% in its share price from its previous close. The 1H FY2020 results released by National Australian Bank (ASX:NAB) was a big reason to worry as its cash earnings declined by 51.4% as compared to the previous corresponding period, driven by higher credit impairment charges and mark-to-market losses in its high liquidity credit portfolio within markets and Treasury.
Let us look at the best and worst performing stocks for the day.