Market Close Commentary; 27 August 2020  

The Australian share market today surged slightly by 0.16 and the benchmark index S&P/ASX200 settled at 6126.2 as compared to yesterday's closure at 6116.4 points.

In the US stock market on Wednesday, the Nasdaq Composite increased by 1.73 per cent as Facebook surged 8.2 per cent, Netflix 11.6 per cent and Tesla 6.4 per cent. The S&P 500 was up by 1.02 per cent. The Dow Industrials gained 0.3 per cent.

The commodity section today at AEST 2:58 PM - the Australian dollar was up by 0.10 per cent; it was trading at AUD 0.7238, gold down by 0.59 per cent and was trading at USD 1942.75. If we talk about crude oil, it was down by 0.05 per cent and was trading at USD 43.34 a barrel.

The stocks that exceeded others in today's trading session are:

  • Bega Cheese Limited (ASX:BGA) was the top gainer today. It traded at AUD 5.24 and was up by 7.82 per cent. Today BGA declared EPS (cents per share) up by a massive 371 per cent in FY20. Revenue and EBITDA increased by 5 per cent and 11 per cent respectively.
  • Challenger Limited (ASX: CGF)remained the second top gainer. It traded at AUD 4.05 and was up by 5.19 per cent.

The stocks that suffered the most today are:

  • Appen Limited(ASX:APX) traded at AUD 38.65 and was dipped by 11.15 per cent. APX remained the worst performer today despite its declaration of FY20 revenue up by 25 per cent and growth in statutory EBITDA by 44 per cent.
  • Link Administration Holdings Limited (ASX:LNK) traded at AUD 3.98, down by 9.55 per cent.

Let's see the graph below for the five top and least performing stocks for today's market:





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