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ASX Market Update 2024-08-30

360MiQ 0

SP/ASX 200 rose +0.6% (+46.9 pts), closed at 8092 points, a 20-day high, rose +0.8% (+68 pts) for the week, rose 3 weeks in a row, remained unchanged for the month.

Among the 150 largest-cap stocks, 113 (75%) closed higher. 67% of all ASX stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to +1.8%. 5 sectors outperformed the market. The market was up +0.7%; Industrials was up +1.8%, the best performer; Consumer Cyclical was down -0.1%, but already the worst performer.

● DOWNER EDI (DOW) jumped +16.9% (+$0.81) after a 3-day losing streak, closed at $5.59, hit a YTD high, rose +15.7% (+$0.76) for the week, rose 2 weeks in a row, rose +12% (+$0.6) for the month, crossed above MA20 and MA50 ($4.87, $4.84). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=DOW.AX

● TPG TELECOM (TPG) largely rebounded +8.3% (+$0.38), closed at $4.96, the best % gain in nearly 13 months, also a 130-day high, rose +8.8% (+$0.4) for the week, rose +4.4% (+$0.21) for the month, crossed above MA50 and MA200 ($4.61, $4.69).
360miq.com/stockinfo?code=TPG.AX

● RAMSAY HEALTH CARE (RHC) largely retreated -6.8% (-$3.01), closed at $41.55, the worst % loss in 1 year, also hit a YTD low, fell -11.4% (-$5.35) for the week, fell 2 weeks in a row, fell -10.6% (-$4.92) for the month. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=RHC.AX

● HARVEY NORMAN (HVN) tanked -6.3% (-$0.31), closed at $4.58, fell 4 days in a row, the worst % loss in 2 months, fell -8.2% (-$0.41) for the week after a 2-week winning streak, fell -4.4% (-$0.21) for the month, crossed below MA20 and MA50 ($4.8, $4.58).
360miq.com/stockinfo?code=HVN.AX

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

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