Best month since 1988 in spite of 1.3% drop

Today closed off the best month on the ASX since 1988 as the market recovers strongly post the March dip. In spite of this, the ASX dropped 1.3% to close just over 6500 points to erase some early morning gains. 

The financials sector was down considerably, losing momentum from its incredible run in the last couple of months as the Commonwealth Bank (CBA) fall 2.03% and ANZ down 1.95%.

CSL and Telstra (TLS) also ended the day down along with the market, losing 1.86% and 1.29% respectively.


Gainers and Losers

The biggest gainers on Monday were:

  • Fisher and Paykel +5.1%
  • EML Payments +4.5%
  • Polynovo +3.9%
  • Netwealth +3.3%
  • WiseTech Global +3.2%

The biggest declines were:

  • Whitehaven Coal -9.6%
  • Treasury Wine Estates -6.9%
  • Cromwell Property -6%
  • Corporate Travel Management -4.7%
  • Perseus Mining -4.7%

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.