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ASX Market Update 2024-05-31

360MiQ 0

SP/ASX 200 rose +1% (+73.7 pts) after a 3-day losing streak, closed at 7702 points, fell -0.3% (-26 pts) for the week, fell 2 weeks in a row, rose +0.5% (+38 pts) for the month.

Among the 150 largest-cap stocks, 121 (81%) closed higher. 59% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to +3.1%. 5 sectors outperformed the market. The market was up +1%; Utilities was up +3.1%, the best performer, reflecting a decreasing risk appetite; Real Estate was down -0.1%, but already the worst performer.

● TELIX PHARMACEUTICALS (TLX) jumped +15.3% (+$2.41), closed at $18.15, rose 3 days in a row, the best % gain in more than 22 months, also hit a record high, rose +17.3% (+$2.68) for the week, rose 2 weeks in a row, rose +20.6% (+$3.1) for the month. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=TLX.AX

● EBOS GROUP (EBO) sank -4.6% (-$1.5), closed at $31.14, fell 3 days in a row, the worst % loss in more than 6 months, also a 36-day low, fell -4.3% (-$1.41) for the week after a 2-week winning streak, fell -1.8% (-$0.58) for the month, crossed below MA20 and MA50 ($32.12, $32.07). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=EBO.AX

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

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