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ASX Market Update 2024-05-24

360MiQ 0

SP/ASX 200 fell -1.1% (-84.4 pts), closed at 7728 points, fell 4 days in a row, fell -1.1% (-86 pts) for the week after a 4-week winning streak, crossed below MA20 and MA50 (7743 pts, 7740 pts).

Among the 150 largest-cap stocks, 26 (17%) closed higher. Only 33% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.1% to -2%. 5 sectors outperformed the market. The market was down -1%; Energy was down -0.1%, but already the best performer; Consumer Cyclical was down -2%, the worst performer.

● TREASURY WINE ESTATES (TWE) largely retreated -4.4% (-$0.53) after a 3-day winning streak, closed at $11.51, the worst % loss in more than 6 months, remained unchanged for the week, crossed below MA20 ($11.6). The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=TWE.AX

● HOMECO DAILY NEEDS REIT (HDN) fell -1.2% (-$0.015), closed at $1.23, fell -1.6% (-$0.02) for the week, crossed below MA20 ($1.24). The largest increase in volume today.
360miq.com/stockinfo?code=HDN.AX

● CHALLENGER (CGF) largely rose +2.8% (+$0.18), closed at $6.62, rose 3 days in a row, rose +3.4% (+$0.22) for the week, rose 3 weeks in a row. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=CGF.AX

● BSP FINANCIAL GROUP (BFL) largely fell -3.8% (-$0.25), closed at $6.25, fell 3 days in a row, fell -2.3% (-$0.15) for the week after a 4-week winning streak, crossed below MA20 ($6.3).
360miq.com/stockinfo?code=BFL.AX

● WESFARMERS (WES) largely fell -3.8% (-$2.49), closed at $63.82, fell 3 days in a row, the worst % loss in nearly 20 months, also a 62-day low, fell -6.7% (-$4.57) for the week.
360miq.com/stockinfo?code=WES.AX

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

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