Market Close Commentary; 29 April 2020

April 29, 2020 05:06 PM 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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