US Polls Close, ASX Witnesses Volatility, AU Dollar Dips

  • November 04, 2020 04:05 PM AEDT
  • Team Kalkine

The Australian Securities Exchange traded overall bearish on 4 November thanks to the US polls closure.

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The ASX 200 began a tad higher prior to moving to and fro between gains and losses. At 3:41 PM AEST, the S&P/ ASX200 was down by 0.272%. The top performing stocks in this index featured Nanosonics Limited (ASX:NAN) and Flight Centre Travel Group Limited (ASX:FLT), up 12.70% and 7.06% respectively while the top losers were Pendal Group Limited (ASX:PDL) , down 7.41% followed by Cooper Energy Limited (ASX:COE), down 6.35%.

The All Ordinaries traded downwards, losing 0.15% to 6253.4 at 3:45 PM AEST.

Australian Dollar Dodges Between Gains and Loses

The Australian dollar registered loss 0.77% to around 71.08 US cents as early US election results started to come in at around 3.41 PM AEST.

The local dollar was sold off on 3 November 2020 and the market rose by 1.9% after the Reserve Bank of Australia cut the interest rates and declared a $100 billion government bond buying programme.

 

 


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