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ASX Market Update 2024-05-06

360MiQ 0

SP/ASX 200 rose +0.7% (+53.4 pts), closed at 7682 points, rose 3 days in a row, crossed above MA20 (7680 pts).

Among the 150 largest-cap stocks, 80 (53%) closed higher. 57% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, 4 sectors closed down, 1 sector remained unchanged, ranging from -3.1% to +1.5%. 3 sectors outperformed the market. The market was up +0.4%; Real Estate was up +1.5%, the best performer; Technology was down -3.1%, the worst performer.

● SEVEN GROUP (SVW) retreated -1.3% (-$0.5), closed at $38.56, crossed below MA20 ($38.75). The largest increase in volume.
360miq.com/stockinfo?code=SVW.AX

● GOODMAN GROUP (GMG) largely rose +4.1% (+$1.35), closed at $33.98, rose 3 days in a row, the best % gain in more than 2 months, also hit a record high. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=GMG.AX

● NICKEL INDUSTRIES (NIC) largely rose +3.7% (+$0.035), closed at $0.985, hit a YTD high.
360miq.com/stockinfo?code=NIC.AX

● BLOCK (SQ2) largely retreated -9.3% (-$10.8), closed at $105.64, the worst % loss in nearly 9 months, also a 48-day low, crossed below MA20 ($114.84). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=SQ2.AX

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

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