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ASX Market Update 2024-06-05

360MiQ 0

SP/ASX 200 rose +0.4% (+32 pts), closed at 7769 points, crossed above MA20 and MA50 (7766 pts, 7742 pts).

Among the 150 largest-cap stocks, 104 (69%) closed higher. Despite SP/ASX 200 rising 0.4%, only 47% of all ASX stocks follow suit.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -1.4% to +1.7%. 8 sectors outperformed the market, the market internal was more positive. The market was up +0.3%; Healthcare, Utilities were up +1.7%, the best performers; Basic Materials was down -1.4%, the worst performer.

● TREASURY WINE ESTATES (TWE) soared +5.3% (+$0.6), closed at $11.99, rose 4 days in a row, the best % gain in more than 27 months, crossed above MA20 and MA50 ($11.53, $11.9). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=TWE.AX

● SEEK (SEK) soared +4.9% (+$1.1), closed at $23.78, the best % gain in more than 1 month, also a 20-day high, crossed above MA20 ($22.84).
360miq.com/stockinfo?code=SEK.AX

● LIONTOWN RESOURCES (LTR) sank -5.8% (-$0.075), closed at $1.21, a 26-day low, crossed below MA50 ($1.27). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=LTR.AX

● XERO (XRO) sank -4.5% (-$5.87), closed at $125.93, fell 3 days in a row, crossed below MA20 ($128.31). The largest increase in volume.
360miq.com/stockinfo?code=XRO.AX

● LIFE360 (360) largely retreated -5% (-$0.77), closed at $14.69, the worst % loss in more than 3 months, also a 23-day low, crossed below MA20 ($15.33).
360miq.com/stockinfo?code=360.AX

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

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