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ASX Market Update 2023-10-10

360MiQ 0

SP/ASX 200 rose 1% (+70.6 pts), closed at 7041 points, rose 4 days in a row.

Among the 150 largest-cap stocks, 125 (83%) closed higher. 63% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 2.2%. 6 sectors outperformed the market. The market was up 1%; Technology was up 2.2%, the best performer, reflecting an increasing risk appetite; Utilities remained unchanged, but already the worst performer.

● PILBARA MINERALS (PLS) largely rebounded 6.2% (+$0.23) after a 6-day losing streak, closed at $3.96. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=PLS.AX

● ORIGIN ENERGY (ORG) spiked 5.5% (+$0.48), closed at $9.21, rose 3 days in a row, the best % gain in more than 7 months, also hit a YTD high, crossed above MA20 ($8.76).
360miq.com/stockinfo?code=ORG.AX

● CONTACT ENERGY (CEN) largely retreated -5.8% (-$0.45), closed at $7.3, the worst % loss in more than 4 months, crossed below MA20 and MA50 ($7.52, $7.55). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=CEN.AX

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

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