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ASX Market Update 2024-11-20

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SP/ASX 200 retreated -1.2% (-102 pts) after a 4-day winning streak, closed at 8326 points.

Among the 150 largest-cap stocks, 26 (17%) closed higher. 36% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -1.4% to +0.5%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.5%; Utilities was up +0.5%, the best performer, reflecting a more conservative market sentiment; Communication was down -1.4%, the worst performer.

● NEW HOPE (NHC) largely retreated -3.6% (-$0.18), closed at $4.77, the worst % loss in more than 4 months, crossed below MA20 and MA50 ($4.8, $4.87). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=NHC.AX

● SUMMERSET GROUP (SNZ) fell -1.6% (-$0.19), closed at $11.68, fell 4 days in a row. The largest increase in volume.
360miq.com/stockinfo?code=SNZ.AX

● NEXGEN ENERGY (CANADA) (NXG) spiked +5.9% (+$0.72), closed at $12.9, a 143-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=NXG.AX

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

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