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ASX Market Update 2024-08-29

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SP/ASX 200 slightly fell -0.3% (-25.9 pts), closed at 8045 points.

Among the 150 largest-cap stocks, 65 (43%) closed higher. 39% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -1.9% to +0.3%. 6 sectors outperformed the market. The market was down -0.4%; Financial was up +0.3%, but already the best performer; Energy was down -1.9%, the worst performer.

● WEBJET (WEB) plummeted -5.6% (-$0.46), closed at $7.8, the worst % loss in nearly 1 year, also a 112-day low, crossed below MA200 ($7.96). The largest increase in volume.
360miq.com/stockinfo?code=WEB.AX

● LYNAS RARE EARTHS (LYC) largely rose +3.4% (+$0.23), closed at $7.02, a 68-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=LYC.AX

● MINERAL RESOURCES (MIN) sank -8.1% (-$3.57), closed at $40.61, the worst % loss in 7 months, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=MIN.AX

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

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