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ASX Market Update 2023-09-07

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SP/ASX 200 fell -1.2% (-86 pts), closed at 7171 points, fell 3 days in a row, crossed below MA20 and MA200 (7220 pts, 7246 pts).

Among the 150 largest-cap stocks, 42 (28%) closed higher. Only 32% of all ASX stocks ended higher, the least for 2 months.

In terms of sectors, all sectors were down with losses from -0.1% to -2.9%. 9 sectors outperformed the market. Dragging by Basic Materials and Energy, The market was down -1.1%; Communication, Real Estate were down -0.1%, but already the best performers; Basic Materials was down -2.9%, the worst performer.

● SUPER RETAIL GROUP (SUL) plunged -7.6% (-$0.97), closed at $11.83, the worst % loss in more than 1.5 years, also a 40-day low, crossed below MA50 and MA200 ($12.38, $12.03). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=SUL.AX

● LIONTOWN RESOURCES (LTR) surged 9% (+$0.25), closed at $3.02, the best % gain in more than 5 months, also a 58-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=LTR.AX

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

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