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 conclude up
On Wednesday, the Australian stock market finished the trading session with surge due to the strengthening of sectors of industry, IT as well as minor goods and services.
The S&P/ASX 200 went up by 0.62% at the close of the Sydney Stock Exchange, hitting a monthly maximum.
As for the best performers of the components of the S&P/ASX 200 index one should point to equities of Qantas Airways Ltd that rallied by 8.10%, closing at 6.27. Besides this, equities of Mineral Resource managed to acquire 7.05%, concluding the auction at 19,740. As for Paper ARB Corp, these shares tacked on by 6.35% to close at about 22.100.
The worst performers were represented by Gateway Lifestyle Group – they dived by 9.49%, concluding the trading session at 1.788. Shares of JB Hi-Fi rallied 8.64%, concluding at 23.360. At the same time InvocareLtd dived by 7.11% and completed trading at 12,150.
On the Sydney Stock Exchange, the overall number of more expensive securities (691) surpassed the number of closed equities in the red (555). Meanwhile, quotes of 405 shares were intact.
Stock quotes of Gateway Lifestyle Group headed south to historic minimums, diving 9.49% and concluding the trading session at 1.788. Equities of ARB Corp tacked on to a historic maximum, having jumped by 6.35%, concluding at 22.100. Shares of Invocare Ltd dived to a 52-week minimum, losing 7.11% and ending up with 12.150.
The S&P/ASX 200 VIX volatility index, formed on the basis of trading options on the S & P/ASX 200, inched down by 6.74% trading at 11.333.
In addition to this, June delivery gold futures rallied 0.14% being worth $1.308.60 a troy ounce. June delivery WTI futures tacked on by 0.49%, hitting $67.58 per barrel. July delivery Brent futures edged up by 0.14%, hitting $73.23 per barrel.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.