Market Close Commentary; 2 September 2020

September 02, 2020 06:50 PM AEST | By Team Kalkine Media

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After yesterday's gloomy trading session, today, the Australian share market ended in the green zone. The benchmark index S&P/ASX200 finished at 6063.2, up by 1.84 per cent as compared to yesterday's closing at 5953.4.

On Tuesday, the benchmark indexes in the US stock market ended in the green zone, thanks to stock splits and upbeat economic data. The Nasdaq Composite gained by 1.39 per cent, Dow Industrials surged by 0.76 per cent, and S&P 500 increased by 0.75 per cent.

The commodity section today at AEST 3:32 PM - the Australian dollar dipped by 0.28 per cent and was trading at AUD 0.7351, gold declined by 0.56 per cent and was trading at USD 1959.88. If we talk about crude oil, it grew by 0.89 per cent and was trading at USD 43.14 a barrel.

The stocks that performed better than others today are:

GWA Group Limited (ASX:GWA) was the top gainer today. It traded at AUD 2.65 and was up by 8.16 per cent.
Southern Cross Media Group Limited (ASX:SXL) remained the second top gainer. It traded at AUD 0.17 and was up by 6.25 per cent.

The stocks that performed the weakest today are:

IOOF Holdings Limited (ASX:IFL)traded at AUD 3.58 and was dipped by 22.68 per cent. IFL performed the worst during the day, although the company announced today successful completion of its institutional offer raising nearly AUD 282 million.
Whitehaven Coal Limited (ASX:WHC) traded at AUD 0.86, down by 3.37 per cent.

Let's see the graph below for the five top and least performing stocks for today's market:

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