SP/ASX 200 fell -1% (-74.3 pts), closed at 7222 points, rose 0.07% (+5 pts) for the week, rose 3 weeks in a row, crossed below MA50 (7295 pts).
Among the 150 largest-cap stocks, 52 (35%) closed higher. 39% of all ASX stocks ended higher.
In terms of sectors, 11 sectors closed down, 1 sector remained unchanged, ranging from -2.4% to 0%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.9%; Utilities remained unchanged, but already the best performer, reflecting a more risk-averse market; Technology, Healthcare were down -2.4%, the worst performers.
● MAGELLAN FINANCIAL GROUP (MFG) jumped 18.4% (+$3.38), closed at $21.7, the best % gain in nearly 23 months, also hit a YTD high, rose 19.8% (+$3.59) for the week after a 4-week losing streak, crossed above MA20 and MA50 ($18.65, $21.36). The best performer today with the largest increase in volume.
● QBE INSURANCE GROUP (QBE) plunged -8.7% (-$1.1), closed at $11.55, the worst % loss in 14 months, fell -8.5% (-$1.07) for the week after a 2-week winning streak, crossed below MA20 and MA50 ($12, $11.87). The worst performer today with a huge increase in volume.
● ORIGIN ENERGY (ORG) sank -8.3% (-$0.51), closed at $5.65, the worst % loss in 10 months, fell -7.5% (-$0.46) for the week after a 2-week winning streak, crossed below MA20 ($5.87).
360miq.com/market?data=ASX#tab-3
