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ASX Market Update 2024-10-16

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SP/ASX 200 fell -0.4% (-33.3 pts), closed at 8285 points.

Among the 150 largest-cap stocks, 35 (23%) closed higher. 39% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.3% to +0.2%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Financial was up +0.2%, but already the best performer; Technology was down -1.3%, the worst performer.

● BANK OF QUEENSLAND (BOQ) surged +6.5% (+$0.41), closed at $6.68, the best % gain in 2 years, also hit a YTD high, crossed above MA50 ($6.29). The largest increase in volume.
360miq.com/stockinfo?code=BOQ.AX

● EVOLUTION MINING (EVN) spiked +6.8% (+$0.32), closed at $5.01, the best % gain in 1 month, also hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=EVN.AX

● IDP EDUCATION (IEL) plummeted -5% (-$0.69), closed at $13, hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=IEL.AX

● CHALLENGER (CGF) plunged -4.5% (-$0.31), closed at $6.51, the worst % loss in more than 1 month, crossed below MA20, MA50 and MA200 ($6.62, $6.71, $6.58).
360miq.com/stockinfo?code=CGF.AX

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

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