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ASX Market Update 2022-05-03

360MiQ 0

SP/ASX 200 fell -0.4% (-30.8 pts), closed at 7316 points, is testing MA50 (7307 pts).

Among the 150 largest-cap stocks, 48 (32%) closed higher. Only 32% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -2% to 2.8%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Technology was up 2.8%, the best performer; Utilities was down -2%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) largely retreated -8.8% (-$0.66), closed at $6.8, a 40-day low, crossed below MA50 ($7.4). The worst performer with a significant decrease in volume.

● ANGLOGOLD ASHANTI (AGG) fell -2.4% (-$0.14), closed at $5.62. The largest increase in volume.

● MAGELLAN FINANCIAL GROUP (MFG) largely rebounded 7.5% (+$1.19), closed at $17.11, crossed above MA20 and MA50 ($16.15, $16.12). The best performer with a huge increase in volume.

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