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ASX Market Update 2024-07-31

360MiQ 0

SP/ASX 200 largely rose +1.8% (+139 pts), closed at 8092 points, the best % gain in more than 20 months, also hit a record high, rose +4.2% (+324 pts) for the month.

Among the 150 largest-cap stocks, 141 (94%) closed higher. 70% of all ASX stocks ended higher, the most in nearly 9 months, good for the market.

In terms of sectors, all sectors were up with gains from +0.6% to +2.3%. 7 sectors outperformed the market. The market was up +1.7%; Consumer Cyclical was up +2.3%, the best performer, reflecting an increasing risk appetite; Utilities was up +0.6%, but already the worst performer.

● LOVISA (LOV) largely rose +3.6% (+$1.22), closed at $34.94, the best % gain in 3 months, also hit a record high, rose +6.3% (+$2.07) for the month. The largest increase in volume today.
360miq.com/stockinfo?code=LOV.AX

● CHARTER HALL GROUP (CHC) largely rebounded +6.9% (+$0.82), closed at $12.68, the best % gain in more than 7 months, rose +13.4% (+$1.5) for the month, crossed above MA20 and MA50 ($12.01, $12). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=CHC.AX

● NICKEL INDUSTRIES (NIC) spiked +6.2% (+$0.05), closed at $0.855, the best % gain in more than 4 months, rose +6.9% (+$0.055) for the month, crossed above MA20 ($0.82).
360miq.com/stockinfo?code=NIC.AX

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

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