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:
- Emerging Companies
- Health Care
- Information Technology
- Metals and Mining
- 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.
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.