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ASX Market Update 2023-02-07

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SP/ASX 200 fell -0.5% (-34.9 pts), closed at 7504 points, the worst % loss in 1 month.

Among the 150 largest-cap stocks, 49 (33%) closed higher. 38% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -1.6% to 0.6%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Energy was up 0.6%, the best performer; Real Estate was down -1.6%, the worst performer.

● STANMORE RESOURCES (SMR) largely rose 4% (+$0.14), closed at $3.67. The best performer but with average volume.

● MERIDIAN ENERGY (MEZ) rose 1% (+$0.05), closed at $4.89, crossed above MA20 ($4.87). The largest increase in volume.

● YANCOAL AUSTRALIA (YAL) largely rose 3.5% (+$0.21), closed at $6.19, rose 3 days in a row, crossed above MA20 and MA50 ($6.19, $6.02).

● REGION GROUP (RGN) largely fell -3.6% (-$0.1), closed at $2.67, the worst % loss in 1 month, crossed below MA20 and MA50 ($2.7, $2.68). The worst performer with a significant increase in volume.

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