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ASX Market Update 2024-03-08

360MiQ 0

SP/ASX 200 rose 1.1% (+83 pts), closed at 7847 points, rose 3 days in a row, the best % gain in 1 month, also hit a record high, rose 1.3% (+101 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 112 (75%) closed higher. 61% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.1% to 2.7%. 5 sectors outperformed the market. The market was up 1%; Utilities was up 2.7%, the best performer, reflecting a more conservative market sentiment; Industrials, Basic Materials were up 0.1%, but already the worst performers.

● MERCURY NZ (MCY) largely fell -2.6% (-$0.17), closed at $6.38, rose 1.3% (+$0.08) for the week, is testing MA20 ($6.36). The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=MCY.AX

● GQG PARTNERS (GQG) retreated -1.8% (-$0.04), closed at $2.2, fell -2.7% (-$0.06) for the week. The largest increase in volume today.
360miq.com/stockinfo?code=GQG.AX

● VIRGIN MONEY UK (VUK) soared 32.9% (+$1.01), closed at $4.08, rose 3 days in a row, hit a YTD high, rose 34.2% (+$1.04) for the week. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=VUK.AX

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

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