Market Close Commentary; 4 June 2020 

  • Jun 04, 2020 AEST
  • Team Kalkine

Despite fluctuations during the day, the market managed to remain in the green zone. Since yesterday, benchmark index S&P/ASX200 is at three months high, and closed at 5991.8, up by 0.84 per cent on 04 June 2020 as compared to the yesterday's closure of 5,941.6.

The economic reopening is perhaps the only positive news around in this dark Covid-19 era. All other news brings more uncertainty to the market, be it the trade tension among the US and China, or the prolonged ongoing virus crisis which does not seem to have any solutions around the corner.

Even, countries who could curb the spread still fear the second wave, and worldwide pharma giants are racing to come up with a medicine or vaccine for the global health emergency.

Most of the sectors remained in the green zone, except energy, IT, metals and mining and materials. Travel related stocks also could make it to the top five gainers of the day.

The best-performing stocks for today were:

  • From second position in the top gainer list from yesterday, Unibail-Rodamco-Westfield (ASX:URW) made it to the top today by gaining 12.04% and closed at AUD 5.490
  • The second top gainer today was Corporate Travel Management Limited (ASX:CTD) which was up by 8.802% and settled at AUD 13.350.

The worst-performing stocks for today were –

  • Nufarm Limited (ASX:NUF)which traded at AUD 4.860, down by 11.475 per cent.
  • Gold Road Resources Limited (ASX:GOR) which traded at AUD 1.605, down by 5.865 per cent.

Let's see the graph below to view the top five best and worst-performing stocks today:

 


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