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ASX Market Update 2024-03-11

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SP/ASX 200 largely retreated -1.8% (-143 pts) after a 3-day winning streak, closed at 7704 points, the worst % loss in 1 year.

Among the 150 largest-cap stocks, 17 (11%) closed higher. 37% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.4% to 1.2%. 6 sectors outperformed the market. The market was down -1.6%; Technology was up 1.2%, the best performer; Basic Materials was down -2.4%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) largely retreated -9% (-$1.11), closed at $11.17, the worst % loss in 6 months, crossed below MA20 and MA50 ($11.32, $11.34). The worst performer but with average volume.
360miq.com/stockinfo?code=NXG.AX

● BLOCK (SQ2) largely rose 3.7% (+$4.27), closed at $120.85, rose 3 days in a row. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=SQ2.AX

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

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