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ASX Market Update 2024-01-03

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SP/ASX 200 fell -1.4% (-105 pts), closed at 7523 points, the worst % loss in more than 4 months.

Among the 150 largest-cap stocks, 14 (9%) closed higher. Only 32% of all ASX stocks ended higher, the least for more than 2 months.

In terms of sectors, all sectors were down with losses from -0.1% to -4.4%. 8 sectors outperformed the market. The market was down -1.5%; Consumer Defensive was down -0.1%, but already the best performer, reflecting a decreasing risk appetite; Technology was down -4.4%, the worst performer.

● ENDEAVOUR GROUP (EDV) rose 2.5% (+$0.13), closed at $5.37, the best % gain in 2 months, also a 73-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=EDV.AX

● BLOCK (SQ2) sank -6.7% (-$7.67), closed at $106.11, the worst % loss in more than 2 months, crossed below MA20 ($108.31). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=SQ2.AX

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

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