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ASX Market Update 2024-08-02

360MiQ 0

SP/ASX 200 largely fell -2.1% (-172 pts), closed at 7943 points, the worst % loss in nearly 17 months, rose +0.3% (+22 pts) for the week, crossed below MA20 (7954 pts).

Among the 150 largest-cap stocks, 13 (9%) closed higher. Only 28% of all ASX stocks ended higher, the least in 3 months.

In terms of sectors, 11 sectors closed down, 1 sector remained unchanged, ranging from -2.6% to 0%. 7 sectors outperformed the market. The market was down -1.8%; Technology remained unchanged, but already the best performer; Real Estate, Consumer Cyclical were down -2.6%, the worst performers.

● BLOCK (SQ2) soared +5.1% (+$4.86), closed at $100.1, rose 3 days in a row, the best % gain in nearly 3 months, rose +6% (+$5.7) for the week, crossed above MA20 and MA50 ($98.98, $97.75). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=SQ2.AX

● PINNACLE INVESTMENT MANAGEMENT GROUP (PNI) largely rose +4.2% (+$0.69), closed at $17.14, rose 3 days in a row, the best % gain in nearly 3 months, also hit a YTD high, rose +7.6% (+$1.21) for the week, rose 15 weeks in a row.
360miq.com/stockinfo?code=PNI.AX

● NEXGEN ENERGY (CANADA) (NXG) largely retreated -12.7% (-$1.32), closed at $9.1, the worst % loss in more than 25 months, also hit a YTD low, fell -4.6% (-$0.44) for the week, fell 3 weeks in a row, crossed below MA20 ($10.19). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=NXG.AX

● PALADIN ENERGY (PDN) largely retreated -10.8% (-$1.26), closed at $10.4, the worst % loss in 14 months, also a 143-day low, fell -9% (-$1.03) for the week, fell 3 weeks in a row.
360miq.com/stockinfo?code=PDN.AX

● DOMINO’S PIZZA ENTERPRISES (DMP) tanked -9.2% (-$3.01), closed at $29.56, the worst % loss in 6 months, also hit a YTD low, fell -10% (-$3.29) for the week, fell 3 weeks in a row.
360miq.com/stockinfo?code=DMP.AX

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

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