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ASX Market Update 2024-05-23

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SP/ASX 200 fell -0.5% (-36.2 pts), closed at 7812 points, fell 3 days in a row.

Among the 150 largest-cap stocks, 67 (45%) closed higher. 48% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 7 sectors closed down, ranging from -2.2% to +1.2%. 8 sectors outperformed the market. The market was down -0.5%; Healthcare was up +1.2%, the best performer; Basic Materials was down -2.2%, the worst performer.

● XERO (XRO) surged +8.7% (+$10.84), closed at $134.84, the best % gain in 1 year, also a 39-day high, crossed above MA50 ($126.32). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=XRO.AX

● SANDFIRE RESOURCES (SFR) tumbled -6.4% (-$0.63), closed at $9.17, fell 3 days in a row, the worst % loss in nearly 15 months, crossed below MA20 ($9.64). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=SFR.AX

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

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