SP/ASX 200 largely fell -1.9% (-139 pts) after a 3-day winning streak, closed at 6966 points, the worst % loss in nearly 2 months, crossed below MA20 (7038 pts).
Among the 150 largest-cap stocks, 5 (3%) closed higher. Only 19% of all ASX stocks ended higher, the least for more than 2 months.
In terms of sectors, all sectors were down with losses from -1.1% to -5.8%. 9 sectors outperformed the market. Dragging by Technology and Basic Materials, The market was down -2.2%; Consumer Defensive was down -1.1%, but already the best performer, reflecting a more conservative market sentiment; Technology was down -5.8%, the worst performer.
● THE A2 MILK COMPANY (A2M) spiked 10% (+$0.49), closed at $5.4, rose 4 days in a row, the best % gain in nearly 3 months, also a 107-day high, crossed above MA200 ($5.03). The best performer with the largest increase in volume.
● CORONADO GLOBAL RESOURCES (CRN) largely retreated -10.1% (-$0.185), closed at $1.65, the worst % loss in more than 15 months, crossed below MA20 ($1.68). The worst performer with a slight increase in volume.
● GQG PARTNERS (GQG) largely retreated -8.2% (-$0.14), closed at $1.56, crossed below MA20 ($1.6).
● BLOCK (SQ2) plummeted -7.8% (-$8.3), closed at $97.5, the worst % loss in more than 2 months, also a 28-day low, crossed below MA50 ($104.74).
360miq.com/market?data=ASX#tab-3
