Market Close Commentary; 29 April 2020

  • Apr 29, 2020 AEST
  • Team Kalkine

By the market closure on 28 April 2020, the benchmark index S&P/ASX 200 soared up by 1.51% and settled at 5,393.4. The improvement in the sector was driven by surge in the Australian Dollar, significant improvement in the banking and energy sector by more than 5%.

Most sectors on ASX closed in the green zone, where most sectors soared up by 1%. However, sectors like health care and utilities could not perform well during the day.

From the consumer discretionary sector, the shares of Crown Resort (ASX:CWN) zoomed up by ~ 11% after the release of an announcement that Blackstone has purchased 67,675,000 shares in Crown.

From the energy sector, the shares of Worley Limited (ASX:WOR) went up by ~ 9.26%.

Let us look at the best and worst performing stock 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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