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ASX Market Update 2024-01-16

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SP/ASX 200 fell -1.1% (-81.2 pts), closed at 7415 points, fell 3 days in a row.

Among the 150 largest-cap stocks, 19 (13%) closed higher. 36% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.5% to 0.1%. 6 sectors outperformed the market. The market was down -1%; Utilities was up 0.1%, but already the best performer, reflecting a more risk-averse market; Basic Materials was down -1.5%, the worst performer.

● BORAL (BLD) largely fell -3.3% (-$0.18), closed at $5.23, fell 5 days in a row, the worst % loss in more than 4 months, crossed below MA20 ($5.32). The largest increase in volume.
360miq.com/stockinfo?code=BLD.AX

● CONTACT ENERGY (CEN) largely rebounded 4.8% (+$0.35), closed at $7.65, a 26-day high, crossed above MA20, MA50 and MA200 ($7.46, $7.32, $7.3). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=CEN.AX

● ANSELL (ANN) tumbled -4.5% (-$1.1), closed at $23.5, fell 3 days in a row, the worst % loss in nearly 6 months, also a 26-day low, crossed below MA50 and MA200 ($23.96, $24.34). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=ANN.AX

● CHAMPION IRON (CIA) largely fell -4.2% (-$0.35), closed at $8.02, the worst % loss in more than 4 months, crossed below MA20 ($8.2).
360miq.com/stockinfo?code=CIA.AX

● SEVEN GROUP (SVW) largely fell -3.9% (-$1.43), closed at $35.43, the worst % loss in 19 months, crossed below MA20 ($36.13).
360miq.com/stockinfo?code=SVW.AX

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

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