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ASX Market Update 2024-09-11

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SP/ASX 200 slightly fell -0.3% (-24.1 pts), closed at 7988 points.

Among the 150 largest-cap stocks, 57 (38%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -1.9% to +1.2%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Basic Materials was up +1.2%, the best performer; Energy was down -1.9%, the worst performer.

● PILBARA MINERALS (PLS) largely rebounded +13.1% (+$0.31), closed at $2.67, the best % gain in more than 19 months. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=PLS.AX

● MERCURY NZ (MCY) sank -6.3% (-$0.38), closed at $5.64, the worst % loss in more than 28 months, also hit a YTD low, crossed below MA20 ($5.95). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MCY.AX

● NEXTDC (NXT) largely retreated -5.5% (-$0.99), closed at $16.85, the worst % loss in 1 month, crossed below MA20 and MA50 ($17.29, $16.91). The largest increase in volume.
360miq.com/stockinfo?code=NXT.AX

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

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