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ASX Market Update 2022-11-15

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SP/ASX 200 slightly fell -0.06% (-4.4 pts), closed at 7142 points.

Among the 150 largest-cap stocks, 80 (53%) closed higher. 48% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 4 sectors closed down, ranging from -1.1% to 1.8%. 7 sectors outperformed the market. The market remained unchanged; Technology was up 1.8%, the best performer, reflecting a more aggressive market sentiment; Real Estate, Basic Materials were down -1.1%, the worst performers.

● DEXUS (DXS) plunged -4.3% (-$0.34), closed at $7.48, the worst % loss in 5 months, also a 22-day low, crossed below MA20 ($7.69). The largest increase in volume.

● INCITEC PIVOT (IPL) soared 5.9% (+$0.22), closed at $3.96, the best % gain in 16 months, also a 53-day high. The best performer with a significant increase in volume.

● CORE LITHIUM (CXO) largely retreated -15.8% (-$0.295) after a 7-day winning streak, closed at $1.57, the worst % loss in more than 5 months. The worst performer with a significant increase in volume.

● ALLKEM (AKE) tumbled -12.4% (-$2.01), closed at $14.25, the worst % loss in more than 5 months, crossed below MA20 and MA50 ($14.97, $14.81).

● PILBARA MINERALS (PLS) tanked -8.7% (-$0.46), closed at $4.83, the worst % loss in more than 1 month, crossed below MA20 and MA50 ($5.17, $4.92).

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