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:


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There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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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.

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