Market Close Commentary; 28 October 2020

  • October 28, 2020 08:38 PM AEDT
  • Team Kalkine

On Wednesday, the Australian stock market gained 6.70 points and ended 0.11% per cent higher. The benchmark index S&P/ASX200 settled at 6057.70 as compared to yesterday's closing of 6056.30 points.

Gold MTF non-AMP

On 27 October 2020, in Wall Street, the major indices once again reflected mixed emotions- Nasdaq Composite ended at 0.64 per cent higher, Dow Industrials fell by 0.8 per cent, and S&P 500 dwindled by 0.30 per cent. 

During the same time, the Australian dollar remained flat and was trading at AUD 0.7123 and bitcoin rose by 4.17% to AUD 19,241.

The stocks that surged the maximum during Wednesday (28 October 2020) are:  

  • Blackmores Limited (ASX:BKL) gained the most point today. It traded at AUD 72.480 and was up by 13.658 per cent. On 27 October 2020, the Company announced the signing of a business sale agreement under which McPherson’s Limited (ASX:MCP) would acquire BKL’s subsidiary, the Global Therapeutics business.
  • PolyNovo Limited (ASX:PNV) remained at the second-top position. It traded at AUD 2.740 and was up by 8.730 per cent. 

The stocks that declined the most during Wednesday’s (28 October 2020) trading session are:  

  • Adbri Llimited (ASX:ABC) traded at AUD 2.900 and was dipped by 5.538 per cent. 
  • Flight Centre Travel Group Ltd (ASX:FLT) traded at AUD 18.930, down by 4.629 per cent. 

To have a quick look at the top five best and worst-performing stocks during Wednesday’s trading session, see the graph below.


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