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ASX Market Update 2024-06-11

360MiQ 0

SP/ASX 200 fell -1.3% (-105 pts) after a 3-day winning streak, closed at 7755 points, the worst % loss in more than 1 month, crossed below MA20 (7777 pts).

Among the 150 largest-cap stocks, 21 (14%) closed higher. Only 33% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -2.9% to +0.3%. 7 sectors outperformed the market. The market was down -1.2%; Utilities was up +0.3%, but already the best performer, reflecting a more conservative market sentiment; Basic Materials was down -2.9%, the worst performer.

● MERCURY NZ (MCY) largely rebounded +6.7% (+$0.4), closed at $6.35, the best % gain in 3 months, also a 45-day high, crossed above MA20 and MA50 ($6, $6.02). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=MCY.AX

● EVOLUTION MINING (EVN) largely retreated -6.5% (-$0.26), closed at $3.76, the worst % loss in nearly 5 months, also a 24-day low, crossed below MA20 and MA50 ($3.9, $3.9). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=EVN.AX

● LIONTOWN RESOURCES (LTR) sank -6.5% (-$0.075), closed at $1.085, fell 5 days in a row, the worst % loss in nearly 3 months, also a 72-day low.
360miq.com/stockinfo?code=LTR.AX

● ATLAS ARTERIA (ALX) tanked -6.1% (-$0.33), closed at $5.06, the worst % loss in more than 16 months, also a 56-day low, crossed below MA20, MA50 and MA200 ($5.34, $5.34, $5.37).
360miq.com/stockinfo?code=ALX.AX

● PERSEUS MINING (PRU) largely retreated -6% (-$0.15), closed at $2.33, the worst % loss in 4 months, crossed below MA20 ($2.39).
360miq.com/stockinfo?code=PRU.AX

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

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