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ASX Market Update 2024-02-01

360MiQ 0

SP/ASX 200 retreated -1.2% (-92.8 pts) after an 8-day winning streak, closed at 7588 points.

Among the 150 largest-cap stocks, 21 (14%) closed higher. Only 33% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.2% to -1.7%. 7 sectors outperformed the market. The market was down -1.1%; Consumer Defensive was down -0.2%, but already the best performer, reflecting a more conservative market sentiment; Financial was down -1.7%, the worst performer.

● VIRGIN MONEY UK (VUK) largely retreated -2.6% (-$0.08), closed at $3, crossed below MA200 ($3.02). The largest increase in volume.
360miq.com/stockinfo?code=VUK.AX

● CONTACT ENERGY (CEN) largely rebounded 2.9% (+$0.21), closed at $7.5, the best % gain in 1 month, crossed above MA20, MA50 and MA200 ($7.47, $7.36, $7.33). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=CEN.AX

● ALUMINA (AWC) largely retreated -4.7% (-$0.055), closed at $1.11, crossed below MA200 ($1.13). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=AWC.AX

● IGO (IGO) largely fell -4.2% (-$0.32), closed at $7.24.
360miq.com/stockinfo?code=IGO.AX

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

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