Southern Cross (ASX: SXL) which traded at AUD 0.235, UP by 27.027 % | ASX Market Update

  • May 27, 2020 AEST
  • Team Kalkine

Amid escalating tension between the US and China and uncertain environment due to the ongoing pandemic crisis, it seems the Australian share market is reflecting the tense environment. The US wants China to take responsibility for not being able to control the coronavirus spread from China to other countries.

US President Trump has also threatened to leave the WHO as the US accuses WHO of shielding China over China’s inability to curb the virus in their own country. Furthermore, he added, his administration is all set to take action against China for its efforts to impose national security laws on Hong Kong.

The top and worst performers for today's market are:

The top two gainers were-

Southern Cross Media Group Limited (ASX: SXL) which traded at AUD 0.235, up by 27.027per cent, and Virgin Money UK PLC (ASX: VUK) which traded at AUD 1.825, up by 15.506 percent. SXL was amongst the topmost gainers on Tuesday too.

The worst-performing stocks were –

Saracen Mineral Holdings Limited (ASX: SAR)which traded at AUD 5.000, down by 11.19 percent, and Northern Star Resources Ltd (ASX: NST) which traded at AUD 13.460, down by 10.92 percent.



The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

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