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ASX Market Update 2024-12-03

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SP/ASX 200 rose +0.6% (+47.2 pts), closed at 8495 points, hit a record high.

Among the 150 largest-cap stocks, 97 (65%) closed higher. 59% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -1.1% to +2.3%. 5 sectors outperformed the market. The market was up +0.6%; Technology was up +2.3%, the best performer, reflecting an increasing risk appetite; Utilities was down -1.1%, the worst performer.

● MERIDIAN ENERGY (MEZ) largely retreated -2.9% (-$0.17), closed at $5.6, the worst % loss in 2 months. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=MEZ.AX

● METCASH (MTS) surged +7.5% (+$0.24), closed at $3.43, rose 3 days in a row, the best % gain in nearly 4 years, also a 36-day high, crossed above MA50 ($3.23). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=MTS.AX

● BLOCK (SQ2) soared +5.8% (+$7.92), closed at $143.94, hit a YTD high.
360miq.com/stockinfo?code=SQ2.AX

● UNIBAIL-RODAMCO-WESTFIELD (URW) largely fell -2.9% (-$0.18), closed at $6.07, fell 3 days in a row, the worst % loss in more than 2 months, crossed below MA20, MA50 and MA200 ($6.1, $6.15, $6.07).
360miq.com/stockinfo?code=URW.AX

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

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