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ASX Market Update 2023-05-16

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SP/ASX 200 fell -0.4% (-32.3 pts), closed at 7235 points.

Among the 150 largest-cap stocks, 29 (19%) closed higher. 38% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -1.2% to 0.2%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Utilities was up 0.2%, but already the best performer, reflecting a more risk-averse market; Consumer Defensive was down -1.2%, the worst performer.

● CONTACT ENERGY (CEN) largely rebounded 3.6% (+$0.26), closed at $7.42, the best % gain in more than 1 month, crossed above MA20 ($7.26). The largest increase in volume.
360miq.com/stockinfo?code=CEN.AX

● JAMES HARDIE INDUSTRIES (JHX) spiked 8.3% (+$2.81), closed at $36.8, the best % gain in nearly 3 years, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=JHX.AX

● EAGERS AUTOMOTIVE (APE) plummeted -5.9% (-$0.84), closed at $13.34, the worst % loss in more than 8 months, also a 30-day low, crossed below MA20 and MA50 ($14.05, $13.8). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=APE.AX

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

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