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ASX Market Update 2024-08-15

360MiQ 0

SP/ASX 200 slightly rose +0.2% (+14.5 pts), closed at 7866 points, rose 5 days in a row, is testing MA20 (7878 pts).

Among the 150 largest-cap stocks, 97 (65%) closed higher. 57% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 3 sectors closed down, 1 sector remained unchanged, ranging from -1% to +1%. 5 sectors outperformed the market. The market was up +0.2%; Communication was up +1%, the best performer; Basic Materials was down -1%, the worst performer.

● MERIDIAN ENERGY (MEZ) jumped +6.4% (+$0.37), closed at $6.19, the best % gain in more than 2 months, also a 48-day high, crossed above MA20 and MA50 ($5.92, $5.91). The best performer but with average volume.
360miq.com/stockinfo?code=MEZ.AX

● PRO MEDICUS (PME) spiked +5.7% (+$8.02), closed at $149.02, rose 5 days in a row, hit a record high.
360miq.com/stockinfo?code=PME.AX

● ORIGIN ENERGY (ORG) tanked -9.4% (-$1), closed at $9.6, the worst % loss in more than 26 months, also an 84-day low, crossed below MA20 and MA50 ($10.47, $10.53). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=ORG.AX

● COCHLEAR (COH) plummeted -7.3% (-$24.75), closed at $313, the worst % loss in nearly 3 years, also a 130-day low, crossed below MA20 and MA50 ($335.38, $329.9).
360miq.com/stockinfo?code=COH.AX

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

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