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ASX Market Update 2023-01-11

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SP/ASX 200 rose 0.9% (+64.3 pts), closed at 7195 points.

Among the 150 largest-cap stocks, 113 (75%) closed higher. 66% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 1.8%. 4 sectors outperformed the market. The market was up 0.9%; Basic Materials was up 1.8%, the best performer; Utilities remained unchanged, but already the worst performer.

● DOWNER EDI (DOW) rose 2.1% (+$0.08), closed at $3.85. The largest increase in volume.

● IGO (IGO) largely rebounded 5.2% (+$0.72), closed at $14.63, the best % gain in 3 months, crossed above MA20 ($13.98). The best performer with a slight increase in volume.

● XERO (XRO) largely fell -3.3% (-$2.35), closed at $69.29, crossed below MA20 and MA50 ($71.51, $71.22). The worst performer with a huge increase in volume.

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