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ASX Market Update 2023-05-29

360MiQ 0

SP/ASX 200 rose 0.9% (+62.4 pts), closed at 7217 points, the best % gain in more than 1 month, crossed above MA50 (7208 pts).

Among the 150 largest-cap stocks, 105 (70%) closed higher, 86 of them rose with a lower volume. 61% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.4% to 1.6%. 4 sectors outperformed the market. The market was up 0.8%; Real Estate was up 1.6%, the best performer; Consumer Defensive was down -0.4%, but already the worst performer.

● LYNAS RARE EARTHS (LYC) largely rose 3.8% (+$0.28), closed at $7.65, a 57-day high. The best performer but with average volume.
360miq.com/stockinfo?code=LYC.AX

● IDP EDUCATION (IEL) largely retreated -15.9% (-$4.11), closed at $21.71, the worst % loss in 38 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=IEL.AX

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

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