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ASX Market Update 2024-12-06

360MiQ 0

SP/ASX 200 fell -0.6% (-54.1 pts), closed at 8421 points, fell -0.2% (-15 pts) for the week after a 2-week winning streak.

Among the 150 largest-cap stocks, 39 (26%) closed higher, 32 of them rose with a lower volume. 42% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -1.3% to +0.8%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.6%; Utilities was up +0.8%, the best performer, reflecting a more risk-averse market; Technology was down -1.3%, the worst performer.

● ZIP CO (ZIP) plummeted -7.4% (-$0.25), closed at $3.14, the worst % loss in more than 3 months, also a 24-day low, fell -8.2% (-$0.28) for the week, crossed below MA20 ($3.32). The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=ZIP.AX

● TUAS (TUA) jumped +7% (+$0.4), closed at $6.08, the best % gain in more than 2 months, also hit a record high, rose +9% (+$0.5) for the week, rose 2 weeks in a row. The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=TUA.AX

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

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