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ASX Market Update 2023-05-31

360MiQ 0

SP/ASX 200 largely fell -1.6% (-118 pts), closed at 7091 points, the worst % loss in more than 2 months, also a 41-day low, fell -3% (-218 pts) for the month, crossed below MA200 (7114 pts).

Among the 150 largest-cap stocks, 28 (19%) closed higher. 35% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -2.2% to 0.3%. 6 sectors outperformed the market. The market was down -1.4%; Utilities was up 0.3%, but already the best performer, reflecting a decreasing risk appetite; Energy was down -2.2%, the worst performer.

● MERCURY NZ (MCY) largely rebounded 3.8% (+$0.22), closed at $5.99, rose 1.9% (+$0.11) for the month, crossed above MA20 and MA50 ($5.97, $5.87). The best performer today with a significant decrease in volume.
360miq.com/stockinfo?code=MCY.AX

● WASHINGTON H SOUL PATTINSON & COMPANY (SOL) largely fell -3.2% (-$1.07), closed at $32.12, the worst % loss in more than 11 months, rose 2.1% (+$0.67) for the month, crossed below MA20 ($32.78). The largest increase in volume today.
360miq.com/stockinfo?code=SOL.AX

● WHITEHAVEN COAL (WHC) sank -6.4% (-$0.39), closed at $5.66, fell 6 days in a row, the worst % loss in 4 months, also hit a YTD low, fell -21.4% (-$1.54) for the month. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=WHC.AX

● BANK OF QUEENSLAND (BOQ) tanked -5.4% (-$0.31) after a 3-day winning streak, closed at $5.47, the worst % loss in 6 months, also hit a YTD low, fell -2.3% (-$0.13) for the month, crossed below MA20 ($5.65).
360miq.com/stockinfo?code=BOQ.AX

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

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