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ASX Market Update 2024-06-03

360MiQ 0

SP/ASX 200 rose +0.8% (+59 pts), closed at 7761 points, crossed above MA50 (7743 pts).

Among the 150 largest-cap stocks, 102 (68%) closed higher, 85 of them rose with a lower volume. 57% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.3% to +2%. 4 sectors outperformed the market. The market was up +0.9%; Utilities was up +2%, the best performer, reflecting a more conservative market sentiment; Technology was down -0.3%, but already the worst performer.

● BANK OF QUEENSLAND (BOQ) largely rose +3.5% (+$0.2), closed at $5.95, the best % gain in more than 1 month, crossed above MA20 and MA50 ($5.88, $5.93). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=BOQ.AX

● LOVISA (LOV) largely retreated -10.4% (-$3.51) after a 3-day winning streak, closed at $30.4, the worst % loss in more than 50 months, also a 25-day low, crossed below MA20 and MA50 ($32.17, $31.87). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=LOV.AX

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

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