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ASX Market Update 2024-05-22

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SP/ASX 200 slightly fell -0.05% (-3.9 pts), closed at 7848 points.

Among the 150 largest-cap stocks, 68 (45%) closed higher. 44% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -1.5% to +0.3%. 6 sectors outperformed the market. The market was down -0.1%; Basic Materials, Financial, Industrials were up +0.3%, but already the best performers; Communication was down -1.5%, the worst performer.

● WEBJET (WEB) spiked +7.7% (+$0.65), closed at $9.09, rose 3 days in a row, the best % gain in 2 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=WEB.AX

● TECHNOLOGY ONE (TNE) jumped +6.6% (+$1.11), closed at $17.86, rose 3 days in a row, the best % gain in nearly 50 months, also hit a record high.
360miq.com/stockinfo?code=TNE.AX

● EAGERS AUTOMOTIVE (APE) tanked -15% (-$1.83), closed at $10.36, fell 4 days in a row, the worst % loss in nearly 50 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=APE.AX

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

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