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ASX Market Update 2024-02-02

360MiQ 0

SP/ASX 200 rebounded 1.5% (+111 pts), closed at 7699 points, the best % gain in more than 1 month, also hit a record high, rose 1.9% (+144 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 132 (88%) closed higher. 66% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -1.1% to 2.9%. 5 sectors outperformed the market. The market was up 1.4%; Technology was up 2.9%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -1.1%, the worst performer.

● SSR MINING (SSR) largely rose 3.1% (+$0.45), closed at $14.85, rose 3 days in a row, the best % gain in 1 month, rose 1.9% (+$0.27) for the week after a 5-week losing streak. The largest increase in volume today.
360miq.com/stockinfo?code=SSR.AX

● NEXGEN ENERGY (CANADA) (NXG) spiked 6.8% (+$0.81), closed at $12.71, rose 3 days in a row, hit a record high, rose 11.3% (+$1.29) for the week. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=NXG.AX

● PALADIN ENERGY (PDN) spiked 6.6% (+$0.085), closed at $1.375, hit a record high, rose 11.8% (+$0.145) for the week.
360miq.com/stockinfo?code=PDN.AX

● GOODMAN GROUP (GMG) surged 6.2% (+$1.57), closed at $26.98, the best % gain in more than 5 months, also hit a record high, rose 8.3% (+$2.06) for the week, rose 4 weeks in a row.
360miq.com/stockinfo?code=GMG.AX

● AGL ENERGY (AGL) plummeted -4.3% (-$0.37), closed at $8.17, fell 5 days in a row, the worst % loss in 6 months, also hit a YTD low, fell -7.2% (-$0.63) for the week.
360miq.com/stockinfo?code=AGL.AX

● ANEKA TAMBANG (PERSERO) TBK (PT) (ATM) sank -4.3% (-$0.05), closed at $1.1, the worst % loss in more than 7 months, fell -6.8% (-$0.08) for the week, crossed below MA50 ($1.1). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=ATM.AX

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

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