SP/ASX 200 rose 1% (+73 pts) after a 3-day losing streak, closed at 7053 points.
Among the 150 largest-cap stocks, 116 (77%) closed higher. 68% of all ASX stocks ended higher, the most in more than 1 month, good for the market.
In terms of sectors, all sectors were up with gains from 0.2% to 4.3%. 5 sectors outperformed the market. The market was up 1.2%; Technology was up 4.3%, the best performer, reflecting an increasing risk appetite; Healthcare, Consumer Defensive were up 0.2%, but already the worst performers.
● ALLKEM (AKE) largely rebounded 7.1% (+$0.65) after a 3-day losing streak, closed at $9.85, the best % gain in 2 months, crossed above MA20 ($9.41). The best performer with a slight decrease in volume.
● GQG PARTNERS (GQG) largely fell -3.4% (-$0.04), closed at $1.15, fell 8 days in a row, hit a record low. The largest increase in volume.
● CHALICE MINING (CHN) largely rebounded 7.1% (+$0.52), closed at $7.89, crossed above MA20 and MA200 ($7.5, $7.7).
● NICKEL MINES (NIC) sank -4.7% (-$0.07), closed at $1.405, crossed below MA20 and MA50 ($1.46, $1.46). The worst performer with a huge increase in volume.
● ZIMPLATS (ZIM) largely retreated -4.2% (-$1.22), closed at $28.15.
360miq.com/market?data=ASX#tab-3
