Market Close Commentary; 4 September 2020

2 min read | September 04, 2020 06:27 PM AEST | By Team Kalkine Media

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The benchmark index S&P/ASX200 plunged today by 3.06 per cent following a miserable trading session in Wall Street yesterday. The Australian stock market settled at 5925.5 as compared to Thursday's closure of 6112.6. The market is closed for the week now.

On Thursday, in the US share market, the benchmark indexes dived and ended in the red zone with the Nasdaq Composite declined by 4.96 per cent, Dow Jones Industrial Average dipped by 2.78 per cent, and S&P 500 decreased by 3.51 per cent.

In the commodity segment, the Australian dollar slipped by 0.07 per cent and was trading at AUD 0.7268, gold increased by 0.19 per cent and was trading at USD 1934.62. If we talk about crude oil, it reduced by 1.11 per cent and was trading at USD 40.91 a barrel at AEST 3:02 PM.

The stocks that did more substantial than others today are:

SkyCity Entertainment Group Limited (ASX: SKC)was once again the top gainer today similar to yesterday. It traded at AUD 2.57 and was up by 3.63 per cent.
Corporate Travel Management Limited (ASX:CTD) remained at the second top position. It traded at AUD 15.90 and was up by 1.02 per cent.

The stocks that did the weakest today are:

WiseTech Global Ltd. (ASX: WTC)traded at AUD 27.53 and was dipped by 7.28 per cent.
Appen Limited (ASX: APX) traded at AUD 32.43, was down by 7.08 per cent.

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

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