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ASX Market Update 2024-02-22

360MiQ 0

SP/ASX 200 slightly rose 0.2% (+13.2 pts), closed at 7611 points, is testing MA20 (7619 pts).

Among the 150 largest-cap stocks, 87 (58%) closed higher. 55% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, the market internal was more positive, 3 sectors closed down, ranging from -0.6% to 1.3%. 6 sectors outperformed the market. The market was up 0.1%; Utilities was up 1.3%, the best performer, reflecting a more conservative market sentiment; Communication was down -0.6%, the worst performer.

● INFRATIL (IFT) largely rebounded 3.8% (+$0.36), closed at $9.86, crossed above MA20 and MA50 ($9.82, $9.57). The largest increase in volume.
360miq.com/stockinfo?code=IFT.AX

● LOVISA (LOV) largely rebounded 10.4% (+$2.57), closed at $27.3, the best % gain in nearly 2 years, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=LOV.AX

● NINE ENTERTAINMENT CO (NEC) plunged -8.7% (-$0.16), closed at $1.68, fell 4 days in a row, the worst % loss in nearly 2.5 years, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=NEC.AX

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

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