Market Close Commentary; 5 August 2020

August 05, 2020 07:20 PM AEST | By Team Kalkine Media

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After rebounding yesterday, the Australian stock market has ended in the red zone today. It settled at 6001.3, down by 0.60 per cent as compared to the yesterday's closure of 6037.6. Australians are still in the grip of the virus crisis, with no significant reduction in the number of cases reported daily. The total number of virus cases reported in Australia in the last 24 hours is 452.

Today, the Australian Dollar surged by 0.43 per cent and was trading at AUD 0.7190. Gold was up by 0.78 per cent and was trading at USD 2035.11. While Crude oil increased by 0.36 per cent and was trading at USD 41.85 a barrel at AEST 02:56 PM.

On Tuesday, the Nasdaq Composite was up by 0.35 per cent, S&P 500 gained 0.36 per cent, and Dow Industrials added 0.62 per cent.

The stocks that performed the best during today's trading session are:

Incitec Pivot Limited (ASX:IPL) was the top gainer today and traded at AUD 2.040, was up by 5.974 per cent.
St Barbara Limited (ASX: SBM) remained the second top gainer. It traded at AUD 3.620 and was up by 5.233 per cent.

The worst-performing stocks for today's session are:

Omni Bridgeway Limited (ASX:OBL) traded at AUD 4.470 and was dipped by 4.894 per cent.
Austal Limited (ASX: ASB) traded at AUD 3.200, was down by 3.904 per cent.

Look at the graph to view the five top performing and least performing stocks for today's market:

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