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ASX Market Update 2023-07-28

360MiQ 0

SP/ASX 200 fell -0.7% (-52.4 pts) after a 3-day winning streak, closed at 7404 points, rose 1.2% (+90 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 46 (31%) closed higher. 42% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed down, 2 sectors remained unchanged, ranging from -1.9% to 0%. 8 sectors outperformed the market. The market was down -0.7%; Energy, Technology remained unchanged, but already the best performers; Real Estate was down -1.9%, the worst performer.

● PERPETUAL (PPT) tumbled -7.1% (-$1.84), closed at $24.06, the worst % loss in more than 8 months, also a 64-day low, fell -8.7% (-$2.3) for the week after a 2-week winning streak, crossed below MA50 and MA200 ($25.39, $24.8). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=PPT.AX

● FORTESCUE METALS GROUP (FMG) plunged -5.4% (-$1.24), closed at $21.68, the worst % loss in nearly 9 months, fell -3.8% (-$0.86) for the week, fell 2 weeks in a row, crossed below MA20 ($22.33).
360miq.com/stockinfo?code=FMG.AX

360miq.com/market?data=ASX#tab-3

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