Market Update 20 March

Jessica Amir
March 20, 2020

The Aussie share market gained 2.7% in the first hour of trade and at around 1pm was sitting 4.4% higher. This was fuelled by a rally on overseas equities after Donald Trump signed a bill that expands paid leave for workers amid the coronavirus lockdowns, inking a stimulus package potentially worth US$1 trillion. We also saw the oil (WTI) price gaining 23%, its biggest one-day move ever.

Stand out stocks include Afterpay (ASX:APT), Cimic (ASX:CIM), Scentre (ASX:SCG), Mirvac (ASX:MGR), Goodman Group (ASX:GMG) and Corporate Travel Management (ASX:CTD).

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