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ASX Market Update 2023-12-19

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SP/ASX 200 rose 0.8% (+63.1 pts), closed at 7489 points, a 218-day high.

Among the 150 largest-cap stocks, 121 (81%) closed higher, 109 of them rose with a lower volume. 59% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.7% to 1.2%. 5 sectors outperformed the market. The market was up 0.8%; Utilities was up 1.2%, the best performer, reflecting a decreasing risk appetite; Technology, Healthcare, Basic Materials were up 0.7%, but already the worst performers.

● PILBARA MINERALS (PLS) largely retreated -3% (-$0.12) after a 3-day winning streak, closed at $3.85. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=PLS.AX

● LIONTOWN RESOURCES (LTR) jumped 11.3% (+$0.165), closed at $1.63, rose 4 days in a row, the best % gain in more than 8 months, also a 30-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=LTR.AX

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

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