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ASX Market Update 2024-04-05

360MiQ 0

SP/ASX 200 fell -0.6% (-43.7 pts), closed at 7773 points, fell -1.6% (-124 pts) for the week after a 2-week winning streak, is testing MA20 (7767 pts).

Among the 150 largest-cap stocks, 29 (19%) closed higher. 36% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.4% to -2.3%. 5 sectors outperformed the market. The market was down -0.6%; Energy, Financial, Healthcare, Industrials, Real Estate were down -0.4%, but already the best performers; Technology was down -2.3%, the worst performer.

● GQG PARTNERS (GQG) largely rose 4.1% (+$0.09) after a 4-day losing streak, closed at $2.29, hit a record high, rose 2.2% (+$0.05) for the week, rose 3 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=GQG.AX

● CHAMPION IRON (CIA) plunged -7.4% (-$0.53), closed at $6.61, fell 3 days in a row, the worst % loss in 17 months, also hit a YTD low, fell -10.8% (-$0.8) for the week after a 2-week winning streak, crossed below MA200 ($6.93). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=CIA.AX

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

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