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ASX Market Update 2023-01-17

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SP/ASX 200 slightly fell -0.02% (-1.7 pts) after a 4-day winning streak, closed at 7386 points.

Among the 150 largest-cap stocks, 67 (45%) closed higher. 44% of all ASX stocks ended higher.

In terms of sectors, 6 sectors closed up, 5 sectors closed down, 1 sector remained unchanged, ranging from -1.3% to 1.5%. 7 sectors outperformed the market. The market was down -0.1%; Consumer Defensive was up 1.5%, the best performer, reflecting a decreasing risk appetite; Technology was down -1.3%, the worst performer.

● CONTACT ENERGY (CEN) soared 4.6% (+$0.33), closed at $7.5, crossed above MA20 ($7.28). The best performer with a significant decrease in volume.

● YANCOAL AUSTRALIA (YAL) largely retreated -3.3% (-$0.21), closed at $6.07, crossed below MA20 ($6.17). The worst performer but with average volume.

● GQG PARTNERS (GQG) retreated -2.5% (-$0.04), closed at $1.55, the worst % loss in more than 1 month. The largest increase in volume.

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