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ASX Market Update 2024-10-28

360MiQ 0

SP/ASX 200 slightly rose +0.1% (+10.5 pts), closed at 8222 points, is testing MA20 (8233 pts).

Among the 150 largest-cap stocks, 78 (52%) closed higher, 76 of them rose with a lower volume. 49% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 5 sectors closed down, ranging from -0.5% to +1.3%. 6 sectors outperformed the market. The market was up +0.2%; Technology was up +1.3%, the best performer; Real Estate, Energy were down -0.5%, the worst performers.

● ZIP CO (ZIP) largely rebounded +3.7% (+$0.1) after a 4-day losing streak, closed at $2.79. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=ZIP.AX

● NEWMONT (NEM) largely rebounded +2.6% (+$1.86), closed at $72.6.
360miq.com/stockinfo?code=NEM.AX

● PALADIN ENERGY (PDN) tanked -15.3% (-$1.87), closed at $10.36, fell 5 days in a row, the worst % loss in nearly 17 months, also a 27-day low, crossed below MA20 and MA50 ($12.09, $10.82). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=PDN.AX

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

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