Market Close Commentary; 30 April 2020

  • Apr 30, 2020 AEST
  • Team Kalkine

By the market closure on 30 April 2020, the benchmark index S&P/ASX 200 zoomed up by 2.39% and settled at 5,522.4. With this, we see that S&P/ASX 200 from 1 April 2020 till 30 April 2020 has improved by more than 5%.

The performance was influenced by the declining cases of COVID-19 in Australia, and with the gradual ease on the lockdown restrictions.

Most sectors by the market closure, settled in the green zone, except the healthcare and utilities sector.

Energy sector was the best performing sector for the day as it advanced 8.16% from the previous close and settled at 7,337.8.

Sectors like Real Estate, All Technology, and Information Technology soared up by more than 4%.

From the energy sector, the shares of Worley Limited (ASX:WOR) improved by 17.34% and ended day’s session at $9.

From the Information Technology sector, the shares of Nearmap Ltd (ASX:NEA) soared 18.217% and closed at $1.527.

Let us look at the best and worst performing stock for the day. 

 


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