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ASX Market Update 2024-01-29

360MiQ 0

SP/ASX 200 slightly rose 0.3% (+23.4 pts), closed at 7578 points, rose 6 days in a row.

Among the 150 largest-cap stocks, 96 (64%) closed higher. 51% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 1 sector closed down, 3 sectors remained unchanged, ranging from -0.3% to 1.3%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.3%; Energy was up 1.3%, the best performer; Basic Materials was down -0.3%, but already the worst performer.

● INFRATIL (IFT) jumped 4.7% (+$0.45), closed at $10.09, the best % gain in 9 months, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=IFT.AX

● GQG PARTNERS (GQG) jumped 4.5% (+$0.08), closed at $1.87, the best % gain in more than 1 month, also hit a record high.
360miq.com/stockinfo?code=GQG.AX

● CONTACT ENERGY (CEN) plunged -4.3% (-$0.33) after a 4-day winning streak, closed at $7.29, the worst % loss in nearly 2 months, also a 21-day low, crossed below MA20, MA50 and MA200 ($7.48, $7.35, $7.33). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=CEN.AX

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

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