Market Close Commentary; 05 November 2020

  • November 05, 2020 06:56 PM AEDT
  • Team Kalkine

After losing slightly yesterday, the Australian stock market today surged by 1.28 per cent. The benchmark index S&P/ASX200 finished at 6139.60 points as compared to yesterday's closure at 6062.10. The index gained 77.50 points today. The trending stocks for Thursday were - National Australia Bank Limited (ASX: NAB), PayGroup Limited (ASX:PYG), Musgrave Minerals Limited (ASX: MGV), Crown Resorts Limited (ASX: CWN), and Elixir Energy Limited (ASX: EXR).

Gold MTF non-AMP

On 04 November 2020, Wall Street had a cheerful trading session with all the major indices ending in the positive territory. The Nasdaq Composite surged by 3.85 per cent, Dow Industrials was up by 1.34 per cent, and S&P 500 inched upward by 2.21 per cent.

The commodity section on Thursday (05 November 2020) at AEDT 06:34 PM, the crude oil declined by 1.53 per cent and was trading at USD 38.55 a barrel. The gold commodity minimally surged by 0.43 per cent and was trading at USD 1,911.45. 

The Australian dollar continued flat and was trading at AUD 0.7188 and bitcoin surged by 3.56 per cent and was trading at AUD 20,202.

The stocks that surged the maximum during Thursday (05 November 2020) are:  

  • Inghams Group Limited (ASX: INGgained the most point today. It closed at AUD 3.310 and was up by 16.140 per cent. ING announced today that poultry demand has grown; consequently, Q1 FY21 trading volumes were up 6.3 per cent on PCP.
  • IRESS Limited (ASX: IRE)  was at the second-top position. It closed at AUD 9.850 and was up by 7.181 per cent. 

The stocks that dipped the most during Thursday (05 November 2020) trading session are:  

  •  Treasury Wine Estates (ASX:TWE) closed at AUD 7.960 and dipped by 8.190 per cent. 
  • Pendal Group Limited (ASX:PDLclosed at AUD 5.960 and declined by 5.994 per cent.

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


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