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ASX Market Update 2023-12-01

360MiQ 0

SP/ASX 200 slightly fell -0.2% (-13.8 pts) after a 3-day winning streak, closed at 7073 points, rose 0.5% (+32 pts) for the week.

Among the 150 largest-cap stocks, 70 (47%) closed higher. 50% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, 1 sector remained unchanged, ranging from -0.8% to 1.6%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.1%; Utilities was up 1.6%, the best performer, reflecting a more risk-averse market; Consumer Cyclical was down -0.8%, the worst performer.

● LYNAS RARE EARTHS (LYC) largely fell -4.1% (-$0.27), closed at $6.35, the worst % loss in more than 5 months, also a 28-day low, fell -4.1% (-$0.27) for the week, fell 4 weeks in a row. The worst performer today but with average volume.
360miq.com/stockinfo?code=LYC.AX

● PREMIER INVESTMENTS (PMV) largely rose 2.8% (+$0.69), closed at $25.11, rose 4 days in a row, the best % gain in more than 3 months, also a 48-day high, rose 6.4% (+$1.5) for the week. The largest increase in volume today.
360miq.com/stockinfo?code=PMV.AX

● PALADIN ENERGY (PDN) largely rebounded 6.2% (+$0.06), closed at $1.035, rose 0.5% (+$0.005) for the week, rose 3 weeks in a row, crossed above MA20 and MA50 ($0.98, $1). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=PDN.AX

● CONTACT ENERGY (CEN) soared 6% (+$0.43), closed at $7.59, the best % gain in 1 month, also a 21-day high, rose 7.2% (+$0.51) for the week, rose 2 weeks in a row, crossed above MA50 and MA200 ($7.35, $7.21).
360miq.com/stockinfo?code=CEN.AX

● STANMORE RESOURCES (SMR) soared 5.4% (+$0.21), closed at $4.08, the best % gain in more than 4 months, also hit a record high, rose 6.5% (+$0.25) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=SMR.AX

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

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