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ASX Market Update 2023-08-28

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SP/ASX 200 rose 0.6% (+44.8 pts), closed at 7160 points, the best % gain in 1 month.

Among the 150 largest-cap stocks, 102 (68%) closed higher, 87 of them rose with a lower volume. Despite SP/ASX 200 rising 0.6%, only 48% of all ASX stocks rose with the index.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.4% to 1.3%. 5 sectors outperformed the market. The market was up 0.4%; Consumer Cyclical was up 1.3%, the best performer; Technology was down -0.4%, but already the worst performer.

● EVOLUTION MINING (EVN) largely rebounded 3.2% (+$0.11), closed at $3.58, the best % gain in more than 1 month, crossed above MA50 ($3.53). The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=EVN.AX

● SIMS (SGM) rebounded 1.6% (+$0.24), closed at $15.05, crossed above MA20 ($15.02). The largest increase in volume.
360miq.com/stockinfo?code=SGM.AX

● NEXGEN ENERGY (CANADA) (NXG) largely rebounded 3.2% (+$0.25), closed at $8.18, hit a YTD high.
360miq.com/stockinfo?code=NXG.AX

● FORTESCUE METALS GROUP (FMG) tanked -5.1% (-$1.06), closed at $19.87, the worst % loss in 1 month, also a 59-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=FMG.AX

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

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