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ASX Market Update 2024-01-04

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SP/ASX 200 fell -0.4% (-28.9 pts), closed at 7494 points.

Among the 150 largest-cap stocks, 54 (36%) closed higher. 42% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 8 sectors closed down, 2 sectors remained unchanged, ranging from -2% to 2.1%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Utilities was up 2.1%, the best performer, reflecting a decreasing risk appetite; Technology was down -2%, the worst performer.

● MERCURY NZ (MCY) largely rose 2.8% (+$0.17) after a 3-day losing streak, closed at $6.26, a 599-day high. The largest increase in volume.
360miq.com/stockinfo?code=MCY.AX

● INFRATIL (IFT) largely rose 4.2% (+$0.39), closed at $9.69, the best % gain in more than 8 months, also a 32-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=IFT.AX

● MERIDIAN ENERGY (MEZ) largely rebounded 3.6% (+$0.18), closed at $5.13, crossed above MA20 ($4.96).
360miq.com/stockinfo?code=MEZ.AX

● AMP (AMP) largely rose 3.8% (+$0.035), closed at $0.96, the best % gain in more than 1 month, also a 32-day high, crossed above MA20 and MA50 ($0.93, $0.96).
360miq.com/stockinfo?code=AMP.AX

● BLOCK (SQ2) plunged -4.3% (-$4.55), closed at $101.56, fell 3 days in a row. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=SQ2.AX

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

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