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ASX Market Update 2022-01-19

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SP/ASX 200 fell -1% (-76.5 pts), closed at 7333 points, crossed below MA50 (7383 pts).

Among the 150 largest-cap stocks, 39 (26%) closed higher. Only 32% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2% to 0.1%. 6 sectors outperformed the market. The market was down -1.1%; Energy was up 0.1%, but already the best performer; Technology, Healthcare were down -2%, the worst performers.

● BRAINCHIP HOLDINGS (BRN) jumped 14.5% (+$0.27), closed at $2.13, hit a record high. The best performer but with average volume.

● AFTERPAY (APT) fell -2.2% (-$1.48), closed at $66.47, fell 5 days in a row, a 388-day low. The largest increase in volume.

● NOVONIX (NVX) largely retreated -9.7% (-$0.99), closed at $9.22, the worst % loss in more than 1 month, crossed below MA20 and MA50 ($9.43, $9.55). The worst performer with a significant increase in volume.

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