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ASX Market Update 2023-06-05

360MiQ 0

SP/ASX 200 rose 1% (+71.3 pts), closed at 7216 points, rose 3 days in a row, the best % gain in nearly 2 months, crossed above MA20 (7213 pts).

Among the 150 largest-cap stocks, 115 (77%) closed higher, 96 of them rose with a lower volume. 52% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.4% to 1.6%. only 2 sectors outperformed the market. The market was up 0.9%; Consumer Cyclical was up 1.6%, the best performer, reflecting an increasing risk appetite; Technology, Energy, Communication were up 0.4%, but already the worst performers.

● PRO MEDICUS (PME) spiked 4.8% (+$2.99), closed at $65.14, rose 3 days in a row, the best % gain in nearly 7 months, also a 45-day high. The best performer but with average volume.
360miq.com/stockinfo?code=PME.AX

● PERSEUS MINING (PRU) largely fell -2.9% (-$0.055), closed at $1.85. The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=PRU.AX

● BLOCK (SQ2) rose 2.5% (+$2.31), closed at $95.05, rose 3 days in a row, a 28-day high, crossed above MA50 ($93.04). The largest increase in volume.
360miq.com/stockinfo?code=SQ2.AX

● GQG PARTNERS (GQG) spiked 4.5% (+$0.06), closed at $1.38, the best % gain in more than 2 months, crossed above MA20 and MA50 ($1.36, $1.38).
360miq.com/stockinfo?code=GQG.AX

● FORTESCUE METALS GROUP (FMG) largely rose 3.6% (+$0.71), closed at $20.4, rose 3 days in a row, the best % gain in 2 months, crossed above MA20 ($20.06).
360miq.com/stockinfo?code=FMG.AX

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

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