SP/ASX 200 largely rose 1.6% (+109 pts), closed at 6759 points.
Among the 150 largest-cap stocks, 134 (89%) closed higher. 73% of all ASX stocks ended higher, the most in 20 months, good for the market.
In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.8% to 4.3%. 4 sectors outperformed the market. The market was up 1.8%; Technology was up 4.3%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.8%, the worst performer.
● NINE ENTERTAINMENT CO (NEC) largely rebounded 6.2% (+$0.115), closed at $1.97, the best % gain in nearly 17 months, also a 26-day high, crossed above MA20 ($1.88). The largest increase in volume.
● RELIANCE WORLDWIDE (RWC) largely rebounded 7.7% (+$0.31) after a 3-day losing streak, closed at $4.34, the best % gain in more than 21 months, crossed above MA20 ($4.2). The best performer with a slight increase in volume.
● ILUKA RESOURCES (ILU) spiked 7.2% (+$0.62), closed at $9.24, rose 3 days in a row, the best % gain in more than 7 months, crossed above MA20 ($8.93).
● GQG PARTNERS (GQG) jumped 7.1% (+$0.1), closed at $1.5, rose 3 days in a row, the best % gain in nearly 2 months, also a 22-day high, crossed above MA50 ($1.48).
● MAGELLAN FINANCIAL GROUP (MFG) spiked 7% (+$0.88), closed at $13.42, rose 3 days in a row, crossed above MA20 ($12.58).
● MERIDIAN ENERGY (MEZ) largely retreated -4.3% (-$0.19), closed at $4.21, the worst % loss in 1 month, crossed below MA20 ($4.26). The worst performer with a slight increase in volume.
360miq.com/market?data=ASX#tab-3
