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ASX Market Update 2024-01-31

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SP/ASX 200 rose 1.1% (+80.7 pts), closed at 7681 points, rose 8 days in a row, the best % gain in more than 1 month, also hit a record high, rose 1.2% (+90 pts) for the month.

Among the 150 largest-cap stocks, 118 (79%) closed higher. 59% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.3% to 1.9%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.9%; Real Estate was up 1.9%, the best performer; Technology was down -0.3%, but already the worst performer.

● NICKEL INDUSTRIES (NIC) spiked 9.7% (+$0.07), closed at $0.795, hit a YTD high, rose 14.4% (+$0.1) for the month, crossed above MA200 ($0.79). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=NIC.AX

● INCITEC PIVOT (IPL) plummeted -7.9% (-$0.23), closed at $2.69, the worst % loss in more than 32 months, also hit a YTD low, fell -5.3% (-$0.15) for the month, crossed below MA20, MA50 and MA200 ($2.79, $2.82, $2.87). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=IPL.AX

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

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