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ASX Market Update 2024-05-21

360MiQ 0

SP/ASX 200 slightly fell -0.2% (-12.3 pts), closed at 7852 points.

Among the 150 largest-cap stocks, 75 (50%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -0.7% to +0.8%. 6 sectors outperformed the market. The market was down -0.1%; Technology was up +0.8%, the best performer; Utilities, Basic Materials were down -0.7%, the worst performers.

● ALS (ALQ) jumped +5% (+$0.69), closed at $14.48, the best % gain in 6 months, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ALQ.AX

● TECHNOLOGY ONE (TNE) spiked +4.6% (+$0.73), closed at $16.75, the best % gain in nearly 1.5 years, also a 28-day high, crossed above MA20 and MA50 ($16.16, $16.34).
360miq.com/stockinfo?code=TNE.AX

● JAMES HARDIE INDUSTRIES (JHX) plunged -14.8% (-$8.1), closed at $46.67, fell 3 days in a row, the worst % loss in nearly 50 months, also hit a YTD low, crossed below MA20 and MA200 ($54.44, $51.1). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=JHX.AX

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

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