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ASX Market Update 2024-07-16

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SP/ASX 200 slightly fell -0.2% (-18.7 pts) after a 3-day winning streak, closed at 7999 points.

Among the 150 largest-cap stocks, 64 (43%) closed higher. 49% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -0.7% to +2.3%. 6 sectors outperformed the market. The market was down -0.1%; Utilities was up +2.3%, the best performer, reflecting a decreasing risk appetite; Consumer Cyclical, Basic Materials were down -0.7%, the worst performers.

● CONTACT ENERGY (CEN) largely rebounded +5.8% (+$0.44), closed at $8.03, crossed above MA200 ($7.61). The best performer with a significant decrease in volume.
360miq.com/stockinfo?code=CEN.AX

● CHARTER HALL GROUP (CHC) retreated -1% (-$0.13) after a 3-day winning streak, closed at $12.6. The largest increase in volume.
360miq.com/stockinfo?code=CHC.AX

● ARISTOCRAT LEISURE (ALL) largely retreated -3.3% (-$1.75) after a 5-day winning streak, closed at $51.91, the worst % loss in 4 months. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=ALL.AX

● RIO TINTO (RIO) fell -2.5% (-$3.03) after a 3-day winning streak, closed at $116.81, the worst % loss in nearly 3 months, also an 85-day low.
360miq.com/stockinfo?code=RIO.AX

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

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