SP/ASX 200 rose 0.5% (+35.3 pts) after a 4-day losing streak, closed at 7192 points, is testing MA20 (7207 pts).
Among the 150 largest-cap stocks, 91 (61%) closed higher. Despite SP/ASX 200 rising 0.5%, only 43% of all ASX stocks follow suit.
In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -1.6% to 1.1%. 3 sectors outperformed the market. The market was up 0.2%; Financial was up 1.1%, the best performer; Technology was down -1.6%, the worst performer.
● LYNAS RARE EARTHS (LYC) largely rebounded 3.5% (+$0.25) after a 3-day losing streak, closed at $7.33, the best % gain in more than 2 months, crossed above MA20 ($7.1). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=LYC.AX
● SIMS (SGM) tumbled -10.6% (-$1.64), closed at $13.79, the worst % loss in 3 years, also a 171-day low, crossed below MA20, MA50 and MA200 ($15.24, $15.22, $14.93). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=SGM.AX
360miq.com/market?data=ASX#tab-3
