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ASX Market Update 2023-05-05

360MiQ 0

SP/ASX 200 rose 0.4% (+27 pts) after a 3-day losing streak, closed at 7220 points, fell -1.2% (-89 pts) for the week, fell 3 weeks in a row, crossed above MA50 (7209 pts).

Among the 150 largest-cap stocks, 85 (57%) closed higher. Despite SP/ASX 200 rising 0.4%, only 48% of all ASX stocks rose with the index.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 2 sectors closed down, 2 sectors remained unchanged, ranging from -0.5% to 1.6%. 5 sectors outperformed the market. The market was up 0.3%; Real Estate was up 1.6%, the best performer; Communication was down -0.5%, the worst performer.

● SSR MINING (SSR) spiked 9.1% (+$2.1), closed at $25.13, rose 3 days in a row, the best % gain in more than 1 month, also a 73-day high, rose 14.2% (+$3.13) for the week after a 2-week losing streak. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=SSR.AX

● VIRGIN MONEY UK (VUK) plummeted -5.5% (-$0.16), closed at $2.75, the worst % loss in more than 1 month, fell -6.5% (-$0.19) for the week after a 5-week winning streak, crossed below MA20, MA50 and MA200 ($2.85, $2.84, $2.76). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=VUK.AX

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

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