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ASX Market Update 2024-02-16

360MiQ 0

SP/ASX 200 rose 0.7% (+52.3 pts), closed at 7658 points, rose 0.2% (+13 pts) for the week.

Among the 150 largest-cap stocks, 89 (59%) closed higher. 60% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.3% to 1.5%. 4 sectors outperformed the market. The market was up 0.7%; Basic Materials was up 1.5%, the best performer; Consumer Defensive was down -0.3%, but already the worst performer.

● GQG PARTNERS (GQG) largely rose 3.3% (+$0.07), closed at $2.2, hit a record high, rose 2.8% (+$0.06) for the week, rose 4 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=GQG.AX

● LIONTOWN RESOURCES (LTR) spiked 11.9% (+$0.125), closed at $1.175, rose 4.9% (+$0.055) for the week, rose 3 weeks in a row. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=LTR.AX

● PILBARA MINERALS (PLS) largely rebounded 7.2% (+$0.25) after a 4-day losing streak, closed at $3.71, the best % gain in 2 months, also a 23-day high, rose 2.2% (+$0.08) for the week, rose 4 weeks in a row, crossed above MA20 and MA50 ($3.51, $3.65).
360miq.com/stockinfo?code=PLS.AX

● PRO MEDICUS (PME) plunged -7.2% (-$6.76), closed at $87.24, hit a YTD low, fell -18.3% (-$19.53) for the week after a 5-week winning streak. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=PME.AX

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

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