Market Close Commentary; 04 November 2020

  • November 04, 2020 06:47 PM AEDT
  • Team Kalkine
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The Australian stock market today lost 4.30 points, and the benchmark index S&P/ASX200 finished at 6062.10 as compared to yesterday's close at 6066.40. The trending stocks for Wednesday were - Sandfire Resources (ASX: SFR), Bigtincan Holdings Limited (ASX: BTH), Commonwealth Bank Of Australia (ASX:CBA), and Strandline Resources Limited (ASX:STA).

On 03 November 2020, all the major indices of Wall Street ended in the positive territory, with the Nasdaq Composite surged by 1.85 per cent, Dow Industrials climbed by 2.06 per cent, and S&P 500 increased by 1.78 per cent. 

The commodity section on Wednesday (04 November 2020) at AEDT 06:50 PM, the crude oil price decreased by 0.66 per cent and was trading at USD 37.41 a barrel. The gold commodity fell by 0.93 per cent and was trading at USD 1,891.21. 

The Australian dollar fell by 1.24 per cent and was trading at AUD 0.7066 and bitcoin surged by 1.32 per cent and was trading at AUD 19,251.5.

The stocks that surged the maximum during Wednesday (04 November 2020) are:  

  • Nanosonics Limited (ASX:NANgained the most point today. It closed at AUD 5.760 and was up by 12.499 per cent. Today, NAN reported that in the four months to 31 October 2020, the number of new trophon units installed was 91 per cent on PCP with North America at 90 per cent and EMEA at 119 per cent. 
  • Megaport Limited (ASX:MP1)  was at the second-top position. It closed at AUD 14.500 and was up by 6.617 per cent. 

The stocks that dipped the most during Wednesday (04 November 2020) trading session are:  

  • Pendal Group Limited (ASX:PDLclosed at AUD 6.340 and was dipped by 7.983 per cent. 
  • Fortescue Metals Group Limited (ASX:FMGclosed at AUD 16.490 and declined by 4.627 per cent.

To look at the top 5 best and worst-performing stocks of Wednesday's trading session, see the graph below. 

 


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