Market Close Commentary; 27 April 2020

  • Apr 27, 2020 AEST
  • Team Kalkine

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. 


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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.

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