Market Close Commentary; 7 May 2020

  • May 07, 2020 AEST
  • Team Kalkine

By market closure on 7 May 2020, Benchmark index dropped marginally by 0.38% and ended day’s session at 5,364.2. Some sectors closed in the red zone while some in the green. The sectors which closed in the green zone closed slightly above its previous close. These sectors were:

  • A-REIT
  • Emerging Companies
  • Health Care
  • Information Technology
  • Materials
  • Metals and Mining
  • Resources
  • Real Estate

On the other hand, banking sector was the worst performing sector for the day as it dropped 2% by the market close and settled at 1,589. From this sector, the shares of Australia And New Zealand Banking Group Limited (ASX:ANZ), National Australia Bank Limited (ASX:NAB), Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking Corporation (ASX:WBC) dropped by more than 1.75% during the day.

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

 


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