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. 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is 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. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on 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. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
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