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ASX Market Update 2024-02-27

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SP/ASX 200 slightly rose 0.1% (+10 pts), closed at 7663 points, rose 4 days in a row.

Among the 150 largest-cap stocks, 56 (37%) closed higher. 45% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 5 sectors closed down, 2 sectors remained unchanged, ranging from -1.2% to 2%. 5 sectors outperformed the market. The market remained unchanged; Consumer Defensive was up 2%, the best performer, reflecting a more conservative market sentiment; Technology was down -1.2%, the worst performer.

● REECE (REH) soared 18.3% (+$4.41), closed at $28.5, hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=REH.AX

● ALUMINA (AWC) largely retreated -5% (-$0.055), closed at $1.035, crossed below MA20 ($1.08). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=AWC.AX

● BLOCK (SQ2) largely retreated -4.9% (-$5.83) after a 3-day winning streak, closed at $113.84.
360miq.com/stockinfo?code=SQ2.AX

● TPG TELECOM (TPG) tanked -4.3% (-$0.21), closed at $4.72, hit a YTD low.
360miq.com/stockinfo?code=TPG.AX

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

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