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ASX Market Update 2024-05-28

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SP/ASX 200 slightly fell -0.3% (-21.3 pts), closed at 7767 points, is testing MA20 (7756 pts).

Among the 150 largest-cap stocks, 38 (25%) closed higher. 41% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed down, 2 sectors remained unchanged, ranging from -2.5% to 0%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Consumer Defensive, Energy remained unchanged, but already the best performers, reflecting a more risk-averse market; Utilities was down -2.5%, the worst performer.

● NICKEL INDUSTRIES (NIC) largely rebounded +3.2% (+$0.03), closed at $0.965. The best performer with a significant decrease in volume.
360miq.com/stockinfo?code=NIC.AX

● CONTACT ENERGY (CEN) largely retreated -6.4% (-$0.56) after a 4-day winning streak, closed at $8.24, the worst % loss in more than 5 months. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=CEN.AX

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

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