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ASX Market Update 2024-05-27

360MiQ 0

SP/ASX 200 rebounded +0.8% (+60.3 pts) after a 4-day losing streak, closed at 7788 points, crossed above MA20 and MA50 (7751 pts, 7742 pts).

Among the 150 largest-cap stocks, 116 (77%) closed higher, 95 of them rose with a lower volume. 56% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.2% to +2.1%. 6 sectors outperformed the market. The market was up +0.8%; Utilities was up +2.1%, the best performer, reflecting a more conservative market sentiment; Energy was up +0.2%, but already the worst performer.

● HMC CAPITAL (HMC) largely rebounded +4.8% (+$0.33), closed at $7.25, a 46-day high. The largest increase in volume.
360miq.com/stockinfo?code=HMC.AX

● NEUREN PHARMACEUTICALS (NEU) soared +15.7% (+$3.26) after a 4-day losing streak, closed at $23.97, the best % gain in more than 5 months, also a 78-day high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=NEU.AX

● LENDLEASE GROUP (LLC) jumped +8% (+$0.47) after a 3-day losing streak, closed at $6.36, the best % gain in nearly 39 months, crossed above MA20 and MA50 ($6.2, $6.34).
360miq.com/stockinfo?code=LLC.AX

● NICKEL INDUSTRIES (NIC) sank -6% (-$0.06), closed at $0.935, the worst % loss in more than 3 months, crossed below MA20 ($0.99). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=NIC.AX

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

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