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ASX Market Update 2023-08-08

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SP/ASX 200 slightly rose 0.03% (+2.1 pts), closed at 7311 points, is testing MA20 (7331 pts).

Among the 150 largest-cap stocks, 58 (39%) closed higher. 45% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 5 sectors closed down, 2 sectors remained unchanged, ranging from -0.3% to 0.5%, the market has no clear direction. 5 sectors outperformed the market. The market remained unchanged; Utilities was up 0.5%, the best performer, reflecting a more conservative market sentiment; Consumer Defensive was down -0.3%, but already the worst performer.

● JAMES HARDIE INDUSTRIES (JHX) surged 14.4% (+$5.86) after a 5-day losing streak, closed at $46.62, the best % gain in more than 40 months, also hit a YTD high, crossed above MA20 ($41.53). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=JHX.AX

● CHARTER HALL LONG WALE REIT (CLW) tumbled -5.7% (-$0.23), closed at $3.8, the worst % loss in more than 13 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=CLW.AX

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

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