Market Close Commentary; 9 June 2020 

  • Jun 09, 2020 AEST
  • Team Kalkine

Today, the benchmark index S&P/ASX200 surged by 2.44 per cent and finished at 6144.9 as compared to Friday's closure of 5,998.7. The ASX surge came after wall street's jump on Friday after US economy suggested unexpectedly strong jobs data. 

In the US, restrictions are being eased out and the market has taken the news well, as reflected by the Nasdaq’s spike entering the positive territory.

That said, the uncertain situations remain the same, though businesses are getting reopened with strict guidelines, there is still the fear of the virus spread. 

With China still fearing the second wave, no country seems to be immune from the crisis except NZ, which has reported no new cases in the past 17 days. 

The top gainers in today's market were:

  • Virgin Money UK PLC (ASX:VUK) , up by 16.402 per cent and closed trading at AUD 2.200, and
  • Credit Corp Group Limited (ASX:CCP)which was up by 15.691 per cent and traded at AUD 20.940.

The worst-performing stocks for today were –

  • Gold Road Resources Ltd (ASX:GOR) which traded at AUD 1.405, down by 9.355 per cent, and
  • GWA Group Limited (ASX:GWA) which traded at AUD 3.080, down by 949 per cent.

Let's see the graph below to view the top five best and worst-performing stocks today:

 


Disclaimer
The website https://kalkinemedia.com/au 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). Kalkinemedia.com 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.

CLICK HERE FOR YOUR FREE REPORT!
   
x
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