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ASX Market Update 2024-02-06

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SP/ASX 200 fell -0.6% (-44.4 pts), closed at 7582 points.

Among the 150 largest-cap stocks, 51 (34%) closed higher. 39% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -1.8% to 1%. 8 sectors outperformed the market. The market was down -0.6%; Utilities was up 1%, the best performer, reflecting a decreasing risk appetite; Technology was down -1.8%, the worst performer.

● STANMORE RESOURCES (SMR) fell -2.1% (-$0.08), closed at $3.69, hit a YTD low. The largest increase in volume.
360miq.com/stockinfo?code=SMR.AX

● CONTACT ENERGY (CEN) largely rebounded 3.9% (+$0.29), closed at $7.7, the best % gain in more than 1 month, also hit a YTD high, crossed above MA20 ($7.48). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=CEN.AX

● COCHLEAR (COH) plunged -6.9% (-$21.16), closed at $287.29, the worst % loss in more than 29 months, crossed below MA20 and MA50 ($297.61, $291.03). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=COH.AX

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

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