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ASX Market Update 2025-01-16

360MiQ 0

SP/ASX 200 rose +1.4% (+114 pts), closed at 8327 points, crossed above MA20 and MA50 (8243 pts, 8303 pts).

Among the 150 largest-cap stocks, 117 (78%) closed higher. 69% of all ASX stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +0.2% to +2.3%. 3 sectors outperformed the market. The market was up +1.4%; Financial, Technology were up +2.3%, the best performers; Consumer Defensive was up +0.2%, but already the worst performer.

● ZIP CO (ZIP) largely rebounded +10% (+$0.28), closed at $3.09, the best % gain in more than 2 months, crossed above MA20 ($3.03). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=ZIP.AX

● MINERAL RESOURCES (MIN) retreated -2% (-$0.74), closed at $36.01. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MIN.AX

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

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