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ASX Market Update 2024-09-27

360MiQ 0

SP/ASX 200 slightly rose +0.1% (+8.2 pts), closed at 8212 points, hit a record high, rose +0.02% (+2 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 73 (49%) closed higher. 56% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, the market internal was more negative, ranging from -1.6% to +2.3%. 3 sectors outperformed the market. The market was up +0.1%; Basic Materials was up +2.3%, the best performer; Utilities was down -1.6%, the worst performer.

● MINERAL RESOURCES (MIN) spiked +13.9% (+$6.01), closed at $49.14, rose 5 days in a row, a 33-day high, rose +33.9% (+$12.44) for the week, crossed above MA50 ($44.21). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=MIN.AX

● CONTACT ENERGY (CEN) largely retreated -7.6% (-$0.61), closed at $7.46, the worst % loss in more than 9 months, fell -0.9% (-$0.07) for the week, crossed below MA20, MA50 and MA200 ($7.52, $7.56, $7.52). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=CEN.AX

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

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