Market Close Commentary; 28 July 2020

  • Jul 28, 2020 AEST
  • Team Kalkine

The Australian stock market settled at 6020.5, down by 0.39 per cent. After the initial surge, the benchmark index dropped and ended in the red zone. 

At around AEST 2:54, the Australian dollar was at AUD 0.7134, and at AEST 2:57, gold was at USD 1938.18. In Australian stock market gold gained by 0.31 per cent and it was 2717.32 at AEST 2:59.

In the US stock market, on 27 July, Dow Industrials gained 0.43 per cent, S&P 500 was up by 0.74 per cent, and Nasdaq Composite was up by 1.67 per cent.

On 27 July, Victoria confirmed 532 new cases in the last 24 hours.

The stocks that performed well in the market today are as follows:

  • Credit Corp Group Limited (ASX:CCP) traded at AUD 18.370 and gained 8.763 per cent. It maintains a robust balance sheet with cash and undrawn lines of AUD 400 million, with an outlook for the free cash flow of AUD 175 million in FY2021.
  • Nufarm Limited (ASX:NUF) traded at AUD 4.290 and was up by 8.06 per cent.

The stocks that lost most points in today's market are:

  • Perpetual Limited (ASX:PPT) traded at AUD 31.910 and was down by 5.058 per cent.
  • Resolute Mining Limited (ASX:RSG) traded at AUD 1.370 and dipped by 4.861 per cent.

Now, have a look at the graph to see the top and worst-performing stocks for today's ASX trading session:

 


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