Market Close Commentary; 27 October 2020

  • October 27, 2020 07:20 PM AEDT
  • Team Kalkine
    Team Kalkine
    admin Team Kalkine
    16956 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

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.


The website 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