SP/ASX 200 rose +1.2% (+95.7 pts), closed at 7778 points, fell -2.1% (-165 pts) for the week.
Among the 150 largest-cap stocks, 130 (87%) closed higher, 109 of them rose with a lower volume. 75% of all ASX stocks ended higher, the most in 22 months, good for the market.
In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.1% to +3.8%. 5 sectors outperformed the market. The market was up +1.3%; Technology was up +3.8%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.1%, but already the worst performer.
● LIFE360 (360) largely rebounded +18.1% (+$2.69) after a 5-day losing streak, closed at $17.56, the best % gain in more than 5 months, also hit a record high, rose +5.3% (+$0.88) for the week, rose 2 weeks in a row, crossed above MA20 and MA50 ($16.22, $15.81). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=360.AX
● MERCURY NZ (MCY) fell -2.1% (-$0.13), closed at $5.96, fell 3 days in a row, a 21-day low, fell -6% (-$0.38) for the week, fell 3 weeks in a row, crossed below MA200 ($6). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=MCY.AX
360miq.com/market?data=ASX#tab-3
