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ASX Market Update 2024-11-26

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SP/ASX 200 fell -0.7% (-58.6 pts), closed at 8359 points.

Among the 150 largest-cap stocks, 71 (47%) closed higher. 47% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -2.8% to +2.6%. 8 sectors outperformed the market. The market was down -0.5%; Utilities was up +2.6%, the best performer, reflecting a more conservative market sentiment; Energy was down -2.8%, the worst performer.

● MERCURY NZ (MCY) largely rebounded +8.9% (+$0.5), closed at $6.12, the best % gain in nearly 25 months, crossed above MA20, MA50 and MA200 ($6.05, $6.02, $5.94). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=MCY.AX

● SPARK NEW ZEALAND (SPK) plummeted -5.1% (-$0.14), closed at $2.6, fell 3 days in a row, the worst % loss in 3 months, also hit a YTD low, crossed below MA20 ($2.73). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=SPK.AX

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

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