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ASX Market Update 2024-12-05

360MiQ 0

SP/ASX 200 slightly rose +0.1% (+11.9 pts), closed at 8475 points.

Among the 150 largest-cap stocks, 78 (52%) closed higher. 56% 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 -2% to +2.7%. 6 sectors outperformed the market. The market was up +0.2%; Technology was up +2.7%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -2%, the worst performer.

● GENESIS MINERALS (GMD) surged +9.1% (+$0.22), closed at $2.63, the best % gain in more than 19 months, also hit a record high, crossed above MA20 ($2.44). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=GMD.AX

● RAMELIUS RESOURCES (RMS) jumped +8.5% (+$0.18), closed at $2.29, rose 3 days in a row, the best % gain in more than 2 months, also a 25-day high, crossed above MA50 ($2.2).
360miq.com/stockinfo?code=RMS.AX

● CAPRICORN METALS (CMM) surged +8% (+$0.52), closed at $6.98, rose 3 days in a row, the best % gain in more than 2 months, also hit a record high.
360miq.com/stockinfo?code=CMM.AX

● MERIDIAN ENERGY (MEZ) tanked -5.3% (-$0.29), closed at $5.22, fell 3 days in a row, the worst % loss in nearly 6 months, also a 22-day low, crossed below MA20 and MA50 ($5.44, $5.39). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=MEZ.AX

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

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