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ASX Market Update 2024-12-20

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SP/ASX 200 fell -1.2% (-101 pts), closed at 8067 points, fell 3 days in a row, a 71-day low, fell -2.8% (-229 pts) for the week, fell 3 weeks in a row.

Among the 150 largest-cap stocks, 38 (25%) closed higher. 38% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -2.2% to +2.3%. 8 sectors outperformed the market. The market was down -1%; Utilities was up +2.3%, the best performer, reflecting a more risk-averse market; Financial was down -2.2%, the worst performer.

● MERCURY NZ (MCY) largely rebounded +4.9% (+$0.26), closed at $5.61, rose +7.7% (+$0.4) for the week after a 2-week losing streak. The best performer today with a significant decrease in volume.
360miq.com/stockinfo?code=MCY.AX

● CAPSTONE COPPER CORP (CSC) largely rebounded +4.4% (+$0.42), closed at $9.95, fell -5.1% (-$0.54) for the week.
360miq.com/stockinfo?code=CSC.AX

● MESOBLAST (MSB) largely retreated -20.7% (-$0.63) after a 3-day winning streak, closed at $2.42, the worst % loss in more than 16 months, rose +31.5% (+$0.58) for the week, rose 2 weeks in a row. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=MSB.AX

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

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