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ASX Market Update 2023-01-18

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SP/ASX 200 slightly rose 0.1% (+7.4 pts), closed at 7393 points, a 182-day high.

Among the 150 largest-cap stocks, 81 (54%) closed higher. 55% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 3 sectors closed down, 2 sectors remained unchanged, ranging from -0.8% to 3.1%. 3 sectors outperformed the market. The market was up 0.2%; Technology was up 3.1%, the best performer, reflecting an increasing risk appetite; Real Estate was down -0.8%, the worst performer.

● BLOCK (SQ2) largely rebounded 4.6% (+$4.7), closed at $107.45, the best % gain in 1 month, also a 41-day high, crossed above MA200 ($107.22). The best performer but with average volume.

● ANGLOGOLD ASHANTI (AGG) sank -4.4% (-$0.28), closed at $6.14, the worst % loss in more than 1 month. The worst performer with a significant decrease in volume.

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