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ASX Market Update 2023-06-22

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SP/ASX 200 largely fell -1.6% (-120 pts), closed at 7196 points, the worst % loss in more than 3 months, crossed below MA50 (7244 pts).

Among the 150 largest-cap stocks, 15 (10%) closed higher. Only 32% of all ASX stocks ended higher, the least for 3 months.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.8% to 0.1%. 6 sectors outperformed the market. The market was down -1.6%; Utilities was up 0.1%, but already the best performer, reflecting a more conservative market sentiment; Technology was down -2.8%, the worst performer.

● VIRGIN MONEY UK (VUK) plummeted -5.7% (-$0.17), closed at $2.82, the worst % loss in more than 3 months, also a 23-day low, crossed below MA20 and MA50 ($2.9, $2.87). The worst performer but with average volume.
360miq.com/stockinfo?code=VUK.AX

● CHAMPION IRON (CIA) largely fell -4% (-$0.25), closed at $6.04, crossed below MA20 ($6.06). The largest increase in volume.
360miq.com/stockinfo?code=CIA.AX

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

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