Market Close Commentary; 31 July 2020

  • Jul 31, 2020 AEST
  • Team Kalkine

The Australian stock market benchmark index S&P/ASX 200 plunged by 2.04 per cent when it finished at 5927.8, as compared to yesterday's closing at 6051.1. Total new cases in Australia in the last 24 hours stood at 747.

In the US stock market, there were mixed performances of benchmark indexes. Nasdaq Composite surged by 0.43 per cent. Dow Industrials and S&P 500 ended in the red zone and were down by 0.85 per cent, and 0.38 per cent respectively.

The stocks that performed well in the market today are:

  • Super Retail Group (ASX:SUL)It traded at AUD 8.880 and gained 9.494 per cent on the back of robust sales rebound during Q4 due to easing of COVID-19 restrictions. Further, SUL expects total revenue of nearly AUD 2.82 billion.
  • NRW Holdings Limited (ASX:NWH): It traded at AUD 1.835 and was up by 7.941 per cent.

The stocks that performed the worst today are:

  • AMP Limited (ASX:AMP):It traded at AUD 1.465 and was down by 12.798 per cent. 
  • Sandfire Resources Limited (ASX:SFR): It traded at AUD 4.730 and dipped by 9.733 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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