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ASX Market Update 2023-02-09

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SP/ASX 200 fell -0.5% (-39.7 pts), closed at 7490 points, the worst % loss in 1 month.

Among the 150 largest-cap stocks, 38 (25%) closed higher. 34% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed down, 2 sectors remained unchanged, ranging from -1.9% to 0%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.6%; Industrials, Utilities remained unchanged, but already the best performers; Technology was down -1.9%, the worst performer.

● MERCURY NZ (MCY) largely rebounded 5.6% (+$0.31), closed at $5.81, the best % gain in more than 2 months. The best performer with a slight increase in volume.

● AGL ENERGY (AGL) plunged -10.3% (-$0.82) after a 4-day winning streak, closed at $7.12, the worst % loss in more than 183 months, also hit a YTD low, crossed below MA20, MA50 and MA200 ($7.69, $7.88, $7.82). The worst performer with the largest increase in volume.

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