SP/ASX 200 slightly rebounded +0.3% (+27 pts), closed at 7749 points, rose +1.6% (+120 pts) for the week, rose 3 weeks in a row, crossed above MA50 (7726 pts).
Among the 150 largest-cap stocks, 89 (59%) closed higher. 60% of all ASX stocks ended higher.
In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -1.4% to +1.6%. 4 sectors outperformed the market. The market was up +0.4%; Energy was up +1.6%, the best performer; Utilities was down -1.4%, the worst performer.
● MERIDIAN ENERGY (MEZ) largely retreated -4.6% (-$0.26), closed at $5.39, the worst % loss in nearly 2 months, fell -2.7% (-$0.15) for the week, crossed below MA20 and MA50 ($5.39, $5.4). The worst performer today but with average volume.
360miq.com/stockinfo?code=MEZ.AX
● NEWS (NWS) largely rebounded +3.4% (+$1.27), closed at $38.58, the best % gain in 3 months, rose +2.1% (+$0.81) for the week after a 5-week losing streak, crossed above MA20 ($38.51). The largest increase in volume today.
360miq.com/stockinfo?code=NWS.AX
● BEACH ENERGY (BPT) largely rose +4% (+$0.065), closed at $1.69, the best % gain in nearly 3 months, also a 23-day high, rose +7% (+$0.11) for the week after a 4-week losing streak, crossed above MA50 ($1.67). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=BPT.AX
● NEXGEN ENERGY (CANADA) (NXG) largely rebounded +3.7% (+$0.44), closed at $12.34, fell -1% (-$0.13) for the week, crossed above MA50 ($12.05).
360miq.com/stockinfo?code=NXG.AX
360miq.com/market?data=ASX#tab-3
