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ASX Market Update 2023-07-11

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SP/ASX 200 rose 1.5% (+105 pts) after a 4-day losing streak, closed at 7109 points, the best % gain in 6 months.

Among the 150 largest-cap stocks, 139 (93%) closed higher. 71% of all ASX stocks ended higher, the most in nearly 8 months, good for the market.

In terms of sectors, all sectors were up with gains from 0.6% to 2.9%. 3 sectors outperformed the market. The market was up 1.5%; Technology was up 2.9%, the best performer, reflecting a more aggressive market sentiment; Utilities was up 0.6%, but already the worst performer.

● SANDFIRE RESOURCES (SFR) jumped 5.6% (+$0.32), closed at $6.02, the best % gain in nearly 3 months, crossed above MA20 ($6.01). The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=SFR.AX

● NEXGEN ENERGY (CANADA) (NXG) largely rose 2.6% (+$0.17) after a 4-day losing streak, closed at $6.82. The largest increase in volume.
360miq.com/stockinfo?code=NXG.AX

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

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