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ASX Market Update 2024-07-30

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SP/ASX 200 fell -0.5% (-36.8 pts), closed at 7953 points.

Among the 150 largest-cap stocks, 42 (28%) closed higher. 34% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -1.9% to +0.1%. 7 sectors outperformed the market. The market was down -0.5%; Consumer Defensive, Financial were up +0.1%, but already the best performers, reflecting a more risk-averse market; Basic Materials was down -1.9%, the worst performer.

● IDP EDUCATION (IEL) largely rose +3.5% (+$0.5), closed at $14.91, a 21-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=IEL.AX

● FORTESCUE (FMG) plummeted -10.2% (-$2.07), closed at $18.28, the worst % loss in 1.5 years, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=FMG.AX

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

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