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ASX Market Update 2024-05-02

360MiQ 0

SP/ASX 200 slightly rebounded +0.2% (+17 pts), closed at 7587 points.

Among the 150 largest-cap stocks, 81 (54%) closed higher, 73 of them rose with a lower volume. 50% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, 4 sectors closed down, 1 sector remained unchanged, ranging from -2.1% to +0.9%. 6 sectors outperformed the market. The market was up +0.1%; Utilities was up +0.9%, the best performer, reflecting a more conservative market sentiment; Consumer Defensive was down -2.1%, the worst performer.

● QUBE (QUB) largely rebounded +6.7% (+$0.22), closed at $3.5, the best % gain in 14 months, also hit a record high, crossed above MA20 and MA50 ($3.33, $3.29). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=QUB.AX

● BLOCK (SQ2) sank -5.6% (-$6.23), closed at $106.02, the worst % loss in nearly 4 months, also a 46-day low. The largest increase in volume.
360miq.com/stockinfo?code=SQ2.AX

● NEXGEN ENERGY (CANADA) (NXG) plunged -5.6% (-$0.71), closed at $12.04, the worst % loss in more than 1 month, crossed below MA20 ($12.38). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=NXG.AX

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

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