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ASX Market Update 2024-09-23

360MiQ 0

SP/ASX 200 fell -0.7% (-57.1 pts) after a 7-day winning streak, closed at 8153 points.

Among the 150 largest-cap stocks, 50 (33%) closed higher, 46 of them rose with a lower volume. 43% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.6% to +0.2%. 6 sectors outperformed the market. The market was down -0.6%; Utilities was up +0.2%, but already the best performer, reflecting a more conservative market sentiment; Consumer Defensive was down -2.6%, the worst performer.

● PALADIN ENERGY (PDN) largely rebounded +4.7% (+$0.44), closed at $9.86. The best performer but with average volume.
360miq.com/stockinfo?code=PDN.AX

● WEBJET (WEB) largely retreated -10.7% (-$0.88) after a 4-day winning streak, closed at $7.35, the worst % loss in 49 months, also a 140-day low, crossed below MA20, MA50 and MA200 ($7.63, $8.07, $8.08). The worst performer but with average volume.
360miq.com/stockinfo?code=WEB.AX

● CONTACT ENERGY (CEN) largely retreated -4.4% (-$0.33), closed at $7.2, the worst % loss in 1 month, also a 117-day low, crossed below MA200 ($7.52). The largest increase in volume.
360miq.com/stockinfo?code=CEN.AX

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

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