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ASX Market Update 2024-05-01

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SP/ASX 200 fell -1.2% (-94.1 pts), closed at 7570 points.

Among the 150 largest-cap stocks, 12 (8%) closed higher. Only 25% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.8% to -1.9%. 6 sectors outperformed the market. The market was down -1.3%; Financial was down -0.8%, but already the best performer; Technology, Basic Materials were down -1.9%, the worst performers.

● PERSEUS MINING (PRU) plunged -5.6% (-$0.13), closed at $2.18, the worst % loss in nearly 3 months, crossed below MA20 ($2.27). The worst performer but with average volume.
360miq.com/stockinfo?code=PRU.AX

● NEXGEN ENERGY (CANADA) (NXG) retreated -2.1% (-$0.28), closed at $12.75. The largest increase in volume.
360miq.com/stockinfo?code=NXG.AX

● PALADIN ENERGY (PDN) surged +5% (+$0.7), closed at $14.67, rose 3 days in a row, crossed above MA20 ($14.49). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=PDN.AX

● AMCOR (AMC) jumped +4.6% (+$0.63), closed at $14.45, rose 3 days in a row, the best % gain in more than 8 months, also hit a YTD high, crossed above MA20, MA50 and MA200 ($13.94, $14.03, $14.03).
360miq.com/stockinfo?code=AMC.AX

● ALUMINA (AWC) largely retreated -5.2% (-$0.085), closed at $1.54, the worst % loss in 2 months, is testing MA20 ($1.54).
360miq.com/stockinfo?code=AWC.AX

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

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