SP/ASX 200 slightly rose +0.3% (+28.1 pts), closed at 8285 points, rose 4 days in a row, crossed above MA20 (8270 pts).
Among the 150 largest-cap stocks, 97 (65%) closed higher. For 2 days in a row, SP/ASX 200 rose but more than half of ASX stocks ended lower. Today, 48% of all ASX stocks rose with the index. The market is relatively tiring.
In terms of sectors, 9 sectors closed up, the market internal was more positive, 3 sectors closed down, ranging from -2% to +1.2%. 6 sectors outperformed the market. The market was up +0.3%; Communication was up +1.2%, the best performer; Utilities was down -2%, the worst performer.
● IDP EDUCATION (IEL) largely rebounded +3.9% (+$0.48), closed at $12.74, the best % gain in more than 4 months, also a 25-day high, crossed above MA50 ($12.6). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=IEL.AX
● QANTAS AIRWAYS (QAN) largely rebounded +3.6% (+$0.32), closed at $9.29, the best % gain in more than 4 months, also hit a record high, crossed above MA20 ($9.04).
360miq.com/stockinfo?code=QAN.AX
● HUB24 (HUB) largely rose +3.7% (+$2.6), closed at $72.65, rose 4 days in a row, the best % gain in more than 4 months, also a 23-day high, crossed above MA20 and MA50 ($70.4, $72.29).
360miq.com/stockinfo?code=HUB.AX
● CHAMPION IRON (CIA) tanked -6.6% (-$0.38), closed at $5.42, fell 3 days in a row, the worst % loss in nearly 2 months, also a 39-day low, crossed below MA50 ($5.74). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=CIA.AX
360miq.com/market?data=ASX#tab-3
