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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.