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ASX Market Update 2024-07-11

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SP/ASX 200 rose +0.9% (+72.6 pts), closed at 7890 points, a 70-day high.

Among the 150 largest-cap stocks, 118 (79%) closed higher. 65% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.2% to +1.5%. 3 sectors outperformed the market. The market was up +1%; Basic Materials, Real Estate were up +1.5%, the best performers; Utilities was down -0.2%, but already the worst performer.

● CONTACT ENERGY (CEN) fell -1.7% (-$0.13), closed at $7.57, a 59-day low, crossed below MA200 ($7.61). The largest increase in volume.
360miq.com/stockinfo?code=CEN.AX

● TELIX PHARMACEUTICALS (TLX) largely rebounded +10.5% (+$1.84), closed at $19.39, the best % gain in more than 1 month, also hit a record high, crossed above MA20 ($18.15). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=TLX.AX

● NETWEALTH GROUP (NWL) largely retreated -4.2% (-$0.91), closed at $21, the worst % loss in more than 2 months, also a 24-day low, crossed below MA20 and MA50 ($21.81, $21.03). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=NWL.AX

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

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