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ASX Market Update 2024-08-16

360MiQ 0

SP/ASX 200 rose +1.3% (+105 pts), closed at 7971 points, rose 6 days in a row, rose +2.5% (+193 pts) for the week, crossed above MA20 (7878 pts).

Among the 150 largest-cap stocks, 126 (84%) closed higher. 69% of all ASX stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +0.1% to +2.1%. 4 sectors outperformed the market. The market was up +1.3%; Energy, Technology were up +2.1%, the best performers; Real Estate was up +0.1%, but already the worst performer.

● GQG PARTNERS (GQG) largely retreated -2.8% (-$0.08) after a 3-day winning streak, closed at $2.77, rose +5.7% (+$0.15) for the week after a 2-week losing streak, crossed below MA20 and MA50 ($2.81, $2.81). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=GQG.AX

● ZIP CO (ZIP) jumped +13.5% (+$0.26), closed at $2.19, rose 4 days in a row, the best % gain in nearly 7 months, also hit a YTD high, rose +24.4% (+$0.43) for the week. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=ZIP.AX

● AMCOR (AMC) largely fell -2.8% (-$0.45), closed at $15.69, the worst % loss in nearly 5 months, fell -3.1% (-$0.51) for the week after a 5-week winning streak, crossed below MA20 ($15.86).
360miq.com/stockinfo?code=AMC.AX

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

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