Market Close Commentary; 9 June 2020

June 09, 2020 06:11 PM AEST | By Team Kalkine Media

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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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