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ASX Market Update 2024-08-12

360MiQ 0

SP/ASX 200 rose +0.5% (+35.7 pts), closed at 7814 points, is testing MA50 (7837 pts).

Among the 150 largest-cap stocks, 99 (66%) closed higher, 86 of them rose with a lower volume. 62% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.3% to +1.6%. 4 sectors outperformed the market. The market was up +0.5%; Consumer Cyclical was up +1.6%, the best performer, reflecting an increasing risk appetite; Basic Materials was down -0.3%, but already the worst performer.

● WESTGOLD RESOURCES (WGX) surged +9.2% (+$0.25), closed at $2.98, the best % gain in 5 months, also hit a record high. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=WGX.AX

● JB HI-FI (JBH) spiked +8.3% (+$5.61), closed at $72.98, the best % gain in more than 52 months, also hit a record high.
360miq.com/stockinfo?code=JBH.AX

● BEACH ENERGY (BPT) largely retreated -12.6% (-$0.18), closed at $1.245, the worst % loss in 4 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=BPT.AX

● AURIZON (AZJ) plummeted -8.8% (-$0.32), closed at $3.3, the worst % loss in more than 52 months, also hit a YTD low.
360miq.com/stockinfo?code=AZJ.AX

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

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