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ASX Market Update 2024-01-12

360MiQ 0

SP/ASX 200 slightly fell -0.1% (-7.7 pts), closed at 7498 points, rose 0.1% (+9 pts) for the week, is testing MA20 (7494 pts).

Among the 150 largest-cap stocks, 58 (39%) closed higher. 49% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 6 sectors closed down, 2 sectors remained unchanged, ranging from -1.9% to 0.4%. 6 sectors outperformed the market. The market was down -0.1%; Energy was up 0.4%, but already the best performer; Utilities was down -1.9%, the worst performer.

● SUMMERSET GROUP (SNZ) largely rebounded 11.5% (+$1.1), closed at $10.7, the best % gain in more than 45 months, also a 378-day high, rose 11.5% (+$1.1) for the week, rose 3 weeks in a row. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=SNZ.AX

● MERCURY NZ (MCY) largely retreated -3.7% (-$0.23), closed at $6.02, fell -3.7% (-$0.23) for the week after a 2-week winning streak, crossed below MA20 ($6.07). The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=MCY.AX

● AMP (AMP) largely fell -3.6% (-$0.035), closed at $0.945, the worst % loss in nearly 2 months, fell -2.1% (-$0.02) for the week after a 2-week winning streak, crossed below MA50 ($0.95).
360miq.com/stockinfo?code=AMP.AX

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

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