SP/ASX 200 jumped 2.8% (+194 pts), closed at 7158 points, the best % gain in 1 month, also a 111-day high, rose 3.8% (+265 pts) for the week, rose 3 weeks in a row, crossed above MA200 (6997 pts).
Among the 150 largest-cap stocks, 130 (87%) closed higher. 75% of all ASX stocks ended higher, the most in 1 month, good for the market.
In terms of sectors, all sectors were up with gains from 0.3% to 8.7%. 4 sectors outperformed the market. The market was up 3%; Technology was up 8.7%, the best performer, reflecting an increasing risk appetite; Utilities was up 0.3%, but already the worst performer.
● WHITEHAVEN COAL (WHC) largely fell -3.5% (-$0.29), closed at $8.04, fell 5 days in a row, a 33-day low, fell -19.4% (-$1.93) for the week. The worst performer today with a slight increase in volume.
● NETWEALTH GROUP (NWL) jumped 11.7% (+$1.45), closed at $13.87, the best % gain in nearly 13 months, also a 55-day high, rose 14.3% (+$1.73) for the week, rose 3 weeks in a row, crossed above MA50 and MA200 ($12.46, $12.95). The best performer today with a slight increase in volume.
● BLOCK (SQ2) largely rebounded 11.5% (+$10.43), closed at $100.91, the best % gain in nearly 6 months, also a 38-day high, rose 4% (+$3.88) for the week, rose 3 weeks in a row, crossed above MA20 and MA50 ($92.02, $93.25).
● PRO MEDICUS (PME) jumped 11.4% (+$6.01) after a 7-day losing streak, closed at $58.5, the best % gain in nearly 15 months, also a 216-day high, rose 8.2% (+$4.45) for the week, rose 4 weeks in a row, crossed above MA20 and MA50 ($54.05, $53.55).
● WISETECH GLOBAL (WTC) largely rebounded 10.4% (+$5.44), closed at $57.86, the best % gain in more than 2 months, fell -0.2% (-$0.1) for the week after a 3-week winning streak, crossed above MA20 and MA50 ($56.53, $56.35).
● CONTACT ENERGY (CEN) largely retreated -2.8% (-$0.19), closed at $6.67, fell -1.9% (-$0.13) for the week after a 3-week winning streak, crossed below MA50 ($6.71). The largest increase in volume today.
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