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ASX Market Update 2024-12-18

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SP/ASX 200 slightly fell -0.06% (-4.6 pts), closed at 8309 points, is testing MA50 (8302 pts).

Among the 150 largest-cap stocks, 65 (43%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 6 sectors closed up, 5 sectors closed down, ranging from -0.3% to +1.2%. 6 sectors outperformed the market. The market remained unchanged; Utilities was up +1.2%, the best performer, reflecting a more conservative market sentiment; Consumer Cyclical, Basic Materials were down -0.3%, but already the worst performers.

● PINNACLE INVESTMENT MANAGEMENT GROUP (PNI) rose +1.3% (+$0.3), closed at $24.18. The largest increase in volume.
360miq.com/stockinfo?code=PNI.AX

● ZIP CO (ZIP) surged +7.2% (+$0.21), closed at $3.12, the best % gain in more than 1 month. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=ZIP.AX

● NICKEL INDUSTRIES (NIC) largely fell -3.5% (-$0.03), closed at $0.825, the worst % loss in more than 1 month, also a 73-day low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=NIC.AX

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

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