Market Close Commentary; 27 October 2020

  • October 27, 2020 07:20 PM AEDT
  • Team Kalkine
    Team Kalkine
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From last week, the Australian stock market has been on a losing streak and continuing this pattern today; the market plunged by 1.70 per cent and lost 104.60 points. The benchmark index S&P/ASX200 settled at 6051 points as compared to yesterday's closing of 6155.60 points. The trending stocks for Tuesday were -Boral Limited (ASX:BLD)Funtastic Limited (ASX:FUN), and Stavely Minerals Limited (ASX:SVY). 

On 26 October 2020, Wall Street had a gloomy trading session in the backdrop of a record rise in the new cases in the US. The Nasdaq Composite was down by 1.64 per cent; Dow Industrials fell by 2.29 per cent, and S&P500 slipped by 1.86 per cent.

The commodity section on Tuesday (27 October 2020) at AEDT 06:52 PM, the crude oil slightly surged by 0.73 per cent and was trading at USD 38.84 a barrel. The gold commodity slightly increased by 0.11 per cent and was trading at USD 1904.54. 

The Australian dollar continued flat and was trading at AUD 0.7129 and bitcoin increased slightly by 0.03 per cent and was trading at AUD 18,424.8.

The stocks that surged the maximum during Tuesday (27 October 2020) are:  

  • Virgin Money UK PLC (ASX:VUKgained the most point today. It closed at AUD 1.710 and was up by 2.702 per cent. 
  • Bendigo and Adelaide Bank (ASX:BENwas at the second-top position. It closed at AUD 6.820 and was up by 2.248 per cent. 

The stocks that dipped the most during Tuesday (27 October 2020) trading session are:  

  • Corporate Travel Management (ASX:CTDclosed at AUD 16.680 and was dipped by 7.334 per cent. 
  • Deterra Royalties Limited (ASX:DRR) closed at AUD 4.060, down by 5.582 per cent. 

To have a look at the top five best and worst-performing stocks of Tuesday's trading session, see the graph below.

 


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