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ASX Market Update 2023-03-10

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SP/ASX 200 largely fell -2.3% (-166 pts), closed at 7145 points, the worst % loss in nearly 6 months, also a 41-day low, fell -1.9% (-139 pts) for the week, fell 5 weeks in a row.

Among the 150 largest-cap stocks, 15 (10%) closed higher. Only 27% of all ASX stocks ended higher, the least for more than 2 months.

In terms of sectors, all sectors were down with losses from -0.9% to -3.8%. 7 sectors outperformed the market. The market was down -2.2%; Communication, Consumer Defensive, Industrials, Utilities were down -0.9%, but already the best performers; Technology was down -3.8%, the worst performer.

● SSR MINING (SSR) fell -1.4% (-$0.27), closed at $19.32, fell 3 days in a row, hit a YTD low, fell -4.2% (-$0.85) for the week, fell 9 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=SSR.AX

● ORIGIN ENERGY (ORG) rose 2.5% (+$0.2), closed at $8.35, hit a YTD high, rose 3.9% (+$0.31) for the week, rose 3 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=ORG.AX

● ALLKEM (AKE) largely retreated -8.6% (-$1.07), closed at $11.38, the worst % loss in nearly 4 months, fell -7.9% (-$0.98) for the week, crossed below MA20 and MA50 ($11.94, $12.33). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=AKE.AX

● BLOCK (SQ2) tanked -6.3% (-$7.39), closed at $109.71, fell 3 days in a row, fell -4% (-$4.53) for the week, fell 2 weeks in a row, crossed below MA20 ($113.31).
360miq.com/stockinfo?code=SQ2.AX

360miq.com/market?data=ASX#tab-3

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