Market Close Commentary; 8 July 2020

  • Jul 08, 2020 AEST
  • Team Kalkine

The Australian stock market remained gloomy today, it continued yesterday's trend and ended in the red zone. The benchmark index finished at 5920.3, down by 1.54 per cent as compared to yesterday's closure of 6012.9. 

The market reacted to the re-imposed lockdown in Victoria state and also following US stock market pattern which also ended in the red zone on Tuesday with NASDAQ composite dipping by 0.86 per cent, Dow Industrials down by 1.51 per cent, and S&P 500 down by 1.08 per cent.

Australia has handled the pandemic well since its onset and could reopen the economic activities earlier than expected; however, the new cases have created market woes for investors, at least for some time now.

The top-performing stocks for today's market are:  

  • Northern Star Resources Limited (ASX:NST), the company has today reported underlying free cash flow of AUD 217.9 million from the sale of 262,717 ounces. NST was up by 6.456 per cent when traded at AUD 14.840.
  • Perseus Mining Limited (ASX:PRU) gained by 5.618 per cent when traded at AUD 1.410. It also recorded fresh 52-weeks high of $1.435 today.

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

  • Domain Holdings Australia Limited (ASX:DHG), which traded at AUD 3.140, down by 9.77 per cent. 
  • Alumina Limited (ASX:AWC) that remained the second worst-performing stock when traded at AUD 1.590, down by 7.018 per cent. 

See the graph below to view five best and worst-performing stocks on Thursday: 


The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


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.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK