SP/ASX 200 rose 0.8% (+50.7 pts), closed at 6579 points, rose 1.6% (+104 pts) for the week after a 2-week losing streak.
Among the 150 largest-cap stocks, 108 (72%) closed higher. 69% of all ASX stocks ended higher, the most in nearly 5 months, good for the market.
In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.9% to 8.1%. 8 sectors outperformed the market, the market internal was more positive. The market was up 1.2%; Technology spiked 8.1%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.9%, the worst performer.
● CONTACT ENERGY (CEN) largely retreated -4.1% (-$0.275), closed at $6.475, rose 1% (+$0.065) for the week after a 2-week losing streak, crossed below MA20 ($6.7). The worst performer today with a significant decrease in volume.
● RELIANCE WORLDWIDE (RWC) largely rose 4.1% (+$0.16), closed at $4.03, the best % gain in more than 1 month, rose 9.8% (+$0.36) for the week after a 2-week losing streak, crossed above MA50 ($3.93). The largest increase in volume today.
● BLOCK (SQ2) jumped 10.9% (+$9.71), closed at $98.5, the best % gain in more than 1 month, rose 21.6% (+$17.5) for the week after a 2-week losing streak. The best performer today with a slight increase in volume.
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