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Start of a recovery? ASX 200 finishes Tuesday 4.2% higher

ASX 200
Credit: Cimexus

The S&P/ASX 200 Index (ASX: XJO) finished 4.2% higher on Tuesday, could this be the start of a recovery?

The ASX was volatile again today. Whilst the ASX did go up, there were still strong movements in both directions:

Diverging share price performances

At the red end of the ASX the Graincorp Ltd (ASX: GNC) share price plunged 55.6%.

At the other end of the ASX, the share price of Credit Corp Group Limited (ASX: CCP) climbed 45.9%.

The share price of Corporate Travel Management Ltd (ASX: CTD) rose 31.25%.

The Afterpay Ltd (ASX: APT) share price jumped 26% today, followed by some insider buying.

The BWP Trust (ASX: BWP) share price rose 19% after withdrawing its guidance.

Blue chips perform strongly

Some of Australia’s biggest blue chips rebounded strongly today.

The Aristocrat Leisure Limited (ASX: ALL) share price rose 10.7%.

The Australia and New Zealand Banking Group (ASX: ANZ) share price increased 5.3%.

The BHP Group Ltd (ASX: BHP) share price climbed 5.1%.

The Commonwealth Bank of Australia (ASX: CBA) share price rose 5%.

The Goodman Group (ASX: GMG) share price went up 12%.

The Macquarie Group Ltd (ASX: MQG) share price increased by almost 11%.

The Transurban Group (ASX: TCL) share price grew 9.3%.

More COVID-19 updates

The share price of Michael Hill International Ltd (ASX: MHJ) dropped 14.6% after closing its stores.

The share price of Consolidated Operations Group Ltd (ASX: COG) rose 23.3% after providing an update.

The share price of Seven West Media Ltd (ASX: SWM) rose 1.5% after withdrawing its FY20 guidance.

The share price of Unibail-Rodamco-Westfield (ASX: URW) increased by 4% after giving an update.

Where to invest $1,000 right now

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Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited, Macquarie Group Limited, and Transurban Group. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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