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ASX Market Update 2024-06-18

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SP/ASX 200 rose +1% (+78.1 pts), closed at 7778 points, the best % gain in 1 month, crossed above MA20 and MA50 (7758 pts, 7733 pts).

Among the 150 largest-cap stocks, 114 (76%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.3% to +1.5%. 5 sectors outperformed the market. The market was up +0.7%; Financial was up +1.5%, the best performer; Technology, Energy were down -0.3%, but already the worst performers.

● ATLAS ARTERIA (ALX) largely rebounded +5.1% (+$0.24), closed at $4.94, the best % gain in more than 16 months. The best performer but with average volume.
360miq.com/stockinfo?code=ALX.AX

● INFRATIL (IFT) surged +4.9% (+$0.49), closed at $10.55, the best % gain in nearly 14 months.
360miq.com/stockinfo?code=IFT.AX

● FORTESCUE (FMG) plunged -5.2% (-$1.19), closed at $21.79, fell 3 days in a row, the worst % loss in more than 9 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=FMG.AX

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

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