Market Close Commentary; 5 May 2020

May 05, 2020 05:18 PM AEST
Team Kalkine

By market closure on 5 May 2020, Benchmark index improved by 1.64% and settled at 5,407.1, driven by recent monetary policy released by the RBA. RBA has confirmed that it would maintain the current policy settings which includes the targets for the cash rate & the yield on 3-year Australian Government bonds of 25 basis points.

Most sectors closed in the green zone except Health Care sector which dropped slightly by 0.43% by the end of day’s trade and settled at 42,663.4.

Amongst the various sectors on ASX, energy sector was the best performer for the day where a growth of 4.17% was seen by the market closure and it settled at 7,157.

From the energy sector, the shares of Origin Energy (ASX:ORG) closed at $5.55, up 5.513% from its previous close.

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

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