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ASX Market Update 2024-08-20

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SP/ASX 200 slightly rose +0.2% (+17.7 pts), closed at 7998 points, rose 8 days in a row.

Among the 150 largest-cap stocks, 82 (55%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 4 sectors closed down, 1 sector remained unchanged, ranging from -1.3% to +1%. only 2 sectors outperformed the market. The market was up +0.2%; Basic Materials, Technology were up +1%, the best performers; Real Estate was down -1.3%, the worst performer.

● ANSELL (ANN) jumped +8.9% (+$2.42), closed at $29.76, rose 8 days in a row, the best % gain in more than 52 months, also hit a YTD high.
360miq.com/stockinfo?code=ANN.AX

● RELIANCE WORLDWIDE (RWC) largely rebounded +8.9% (+$0.42), closed at $5.12, the best % gain in more than 46 months, crossed above MA20 ($4.84). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=RWC.AX

● YANCOAL AUSTRALIA (YAL) sank -14.5% (-$1.01), closed at $5.95, the worst % loss in more than 7 years, also a 66-day low, crossed below MA50 ($6.81). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=YAL.AX

● DEXUS (DXS) plunged -8.9% (-$0.67) after a 3-day winning streak, closed at $6.83, the worst % loss in nearly 53 months, crossed below MA20 and MA200 ($7.06, $6.97).
360miq.com/stockinfo?code=DXS.AX

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

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