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ASX Market Update 2023-07-12

360MiQ 0

SP/ASX 200 rose 0.4% (+26.7 pts), closed at 7136 points, is testing MA200 (7150 pts).

Among the 150 largest-cap stocks, 81 (54%) closed higher. 54% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -1.2% to 1.4%. 3 sectors outperformed the market. The market was up 0.4%; Energy was up 1.4%, the best performer; Utilities was down -1.2%, the worst performer.

● CONTACT ENERGY (CEN) largely fell -4.1% (-$0.31), closed at $7.27, the worst % loss in more than 1 month, crossed below MA20 and MA50 ($7.35, $7.36). The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=CEN.AX

● INCITEC PIVOT (IPL) surged 5.4% (+$0.15), closed at $2.92, rose 3 days in a row, the best % gain in nearly 8 months, also a 31-day high, crossed above MA50 ($2.85). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=IPL.AX

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

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