The spread of the Coronavirus (COVID-19) has significantly impacted ASX listed securities over the past few months. From its peak on 20 February, the ASX listed market has declined 26.2% over the 32 trading sessions to 6 April 2020. At its lowest point on 23 March, the market was down 36.5%, before staging a recovery over the past 10 trading sessions.
Listed Sector Performance
The following table provides an overview of the key indices in the S&P/ASX 200 and their performance since the market peaked on 20 February 2020:
The Property Trusts and Energy sectors have been the worse hit, with declines of 39.0% and 38.6% respectively. The Property sector has been the hardest hit, with the loss of rental income from retail properties being the highest concern.
Since 20 February, the market took just 22 trading sessions to reach a low on 23 March. The Consumer Staples sector reached a low on 27 March, over 26 trading sessions.
Not surprisingly, the most resilient sectors of the market have been Consumer Staples (-9.6%), Healthcare (-9.6%) and Utilities (-10.1%).