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ASX Market Update 2024-02-20

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SP/ASX 200 slightly fell -0.08% (-6 pts) after a 3-day winning streak, closed at 7659 points.

Among the 150 largest-cap stocks, 70 (47%) closed higher. 46% of all ASX stocks ended higher.

In terms of sectors, 6 sectors closed up, 5 sectors closed down, 1 sector remained unchanged, ranging from -1% to 1.2%. 7 sectors outperformed the market. The market was down -0.1%; Communication was up 1.2%, the best performer; Basic Materials was down -1%, the worst performer.

● EBOS GROUP (EBO) rebounded 2% (+$0.67), closed at $34.28, crossed above MA20, MA50 and MA200 ($34.19, $33.76, $34.07). The largest increase in volume.
360miq.com/stockinfo?code=EBO.AX

● ARB (ARB) surged 10.2% (+$3.65), closed at $39.42, the best % gain in nearly 47 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ARB.AX

● RELIANCE WORLDWIDE (RWC) spiked 8.7% (+$0.41), closed at $5.11, the best % gain in more than 40 months, also hit a YTD high.
360miq.com/stockinfo?code=RWC.AX

● SONIC HEALTHCARE (SHL) tumbled -7.8% (-$2.47), closed at $29.24, fell 5 days in a row, the worst % loss in more than 46 months, also hit a YTD low, crossed below MA50 ($31.61). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=SHL.AX

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

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