Market Close Commentary; 9 September 2020

2 min read | September 09, 2020 06:30 PM AEST | By Team Kalkine Media

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After Wall Street closed for a long weekend, it seemed that the Australian share market could settle and managed some gains. However, following a horror trading session in the US stock market yesterday, today the Australian share market plunged to 2.15 per cent. It settled at 5878.6 as compared to yesterday's closure of 6007.8.

The US stock market on Tuesday witnessed a gloomy session with the benchmark indices ending in the red zone. The Nasdaq Composite slipped by 4.11 per cent, the Dow industrials fell by 2.25 per cent, and S&P 500 declined by 2.78 per cent.

The commodity section today at AEST: 3:26 PM saw the Australian dollar increased by 0.15 per cent; it was trading at AUD 0.7225, crude oil dipped by 0.16 per cent and was trading at USD 36.70 a barrel. The gold commodity dropped by 0.20 per cent and was trading at USD 1,927.81.

The top-performing stocks during Wednesday's trading session are:

Nufarm Limited (ASX:NUF)was the top gainer today. It traded at AUD 4.240 and was up by 2.663 per cent.
GUD Holdings Limited (ASX:GUD) remained at the second top position. It traded at AUD 11.330 and was up by 2.441 per cent.

The worst-performing stocks during Wednesday's trading session are:

Beach Energy Limited (ASX:BPT) traded at AUD 1.335 and was dipped by 9.184 per cent.
GrainCorp Limited (ASX:GNC) traded at AUD 4.010, down by 8.864 per cent.

See the graph below to quickly view the top five best and worst-performing stocks for today.

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