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ASX Market Update 2023-07-27

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SP/ASX 200 rose 0.7% (+53.9 pts), closed at 7456 points, rose 3 days in a row, a 115-day high.

Among the 150 largest-cap stocks, 116 (77%) closed higher. 63% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -1.1% to 3.1%. 8 sectors outperformed the market, the market internal was more positive. The market was up 0.8%; Real Estate was up 3.1%, the best performer; Basic Materials was down -1.1%, the worst performer.

● SANDFIRE RESOURCES (SFR) surged 9% (+$0.54), closed at $6.54, the best % gain in nearly 15 months, also a 54-day high, crossed above MA20 ($6.03). The best performer with a slight increase in volume.
360miq.com/stockinfo?code=SFR.AX

● WHITEHAVEN COAL (WHC) largely retreated -5.9% (-$0.44) after a 4-day winning streak, closed at $7.08, the worst % loss in nearly 2 months. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=WHC.AX

● MACQUARIE GROUP (MQG) tanked -4.4% (-$7.99), closed at $175.03, the worst % loss in 4 months, crossed below MA20 and MA50 ($179.25, $177.14).
360miq.com/stockinfo?code=MQG.AX

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

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