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ASX Market Update 2023-10-16

360MiQ 0

SP/ASX 200 slightly fell -0.3% (-24.5 pts), closed at 7027 points, crossed below MA20 (7036 pts).

Among the 150 largest-cap stocks, 37 (25%) closed higher. 34% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -3.2% to 0.4%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Energy was up 0.4%, but already the best performer; Technology was down -3.2%, the worst performer.

● STANMORE RESOURCES (SMR) largely rebounded 4.7% (+$0.17), closed at $3.76, the best % gain in 1 month, also a 161-day high, crossed above MA20 ($3.62). The best performer but with average volume.
360miq.com/stockinfo?code=SMR.AX

● MAGELLAN GLOBAL FUND (MGF) largely rose 4.2% (+$0.07), closed at $1.75, the best % gain in more than 15 months, also a 27-day high, crossed above MA50 ($1.7).
360miq.com/stockinfo?code=MGF.AX

● FLETCHER BUILDING (FBU) tumbled -8.6% (-$0.385), closed at $4.07, the worst % loss in 2 months, also a 119-day low, crossed below MA20, MA50 and MA200 ($4.36, $4.38, $4.37). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=FBU.AX

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

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