The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Australian equities ascend
On Monday, Australian shares managed to surge after the close. It occurred due to the fact that gains in the Telecoms Services, Utilities, and Energy sectors backed stocks.
The S&P/ASX 200 went up by up to 0.05% at the close in Sydney.
On the S&P/ASX 200, the leading gainers were represented by Whitehaven Coal Ltd that tacked on by up to 6.44% ending up with 4.460 at the close. Besides this, Ardent Leisure Ltd managed to rally by about 3.23% coming up with an outcome of 1.280. Treasury Wine Estates Ltd jumped by about 3.14% trading at 16.750.
As for the worst performers of the trading marathon, one should mention Galaxy Resources Ltd that slumped by 11.62% being worth 1.635. Additionally, Orocobre Ltd slipped by about 6.13% demonstrating a reading of 3.370. As for Australian Pharma Industries Ltd, it lost 4.93% reaching 1.445.
On the Sydney Stock Exchange, sinking shares outnumbered rallying ones by 0 to 0.
Stocks in Galaxy Resources Ltd decreased to 52-week minimums, decreasing by 11.62% showing 1.635.
Assessing the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX tumbled by about 1.87% hitting 10.914.
June delivery gold futures went up by about 0.25% ending up with $1279.25 a troy ounce. Additionally, June delivery crude futures tacked on by up to 2.20% being worth $65.48 a barrel. Aside from that, June delivery Brent crude futures shot up by up to 2.32% concluding the trading session at $73.64 a barrel.
The currency pair AUD/USD decreased by almost 0.19% showing 0.7138. The currency pair AUD/JPY slumped by nearly 0.03% trading at 79.88.
In addition to this, the USD Index Futures slumped by 0.12% hitting 97.037.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
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