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ASX Market Update 2024-05-16

360MiQ 0

SP/ASX 200 largely rose +1.6% (+127 pts), closed at 7881 points, the best % gain in 5 months, also a 30-day high.

Among the 150 largest-cap stocks, 125 (83%) closed higher. 63% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.1% to +3.2%. 5 sectors outperformed the market. The market was up +1.6%; Real Estate was up +3.2%, the best performer; Energy was up +0.1%, but already the worst performer.

● IDP EDUCATION (IEL) largely retreated -4.4% (-$0.74), closed at $16.26, the worst % loss in nearly 3 months, crossed below MA20 ($16.3). The worst performer but with average volume.
360miq.com/stockinfo?code=IEL.AX

● INCITEC PIVOT (IPL) surged +5.3% (+$0.15), closed at $2.97, the best % gain in 10 months, also hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=IPL.AX

● ARISTOCRAT LEISURE (ALL) jumped +12.3% (+$5.01), closed at $45.75, rose 5 days in a row, the best % gain in more than 49 months, also a 41-day high, crossed above MA50 and MA200 ($42.23, $41.32). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ALL.AX

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

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