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ASX Market Update 2022-01-06

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SP/ASX 200 plummeted -2.7% (-208 pts), closed at 7358 points, the worst % loss in 16 months, crossed below MA20 and MA50 (7397 pts, 7381 pts).

Among the 150 largest-cap stocks, 10 (7%) closed higher. Only 23% of all ASX stocks ended higher, the least for more than 3 months.

In terms of sectors, all sectors were down with losses from -0.6% to -6.3%. 5 sectors outperformed the market. The market was down -2.6%; Utilities was down -0.6%, but already the best performer, reflecting a more risk-averse market; Technology plunged -6.3%, the worst performer.

NEXGEN ENERGY (CANADA) LTD (NXG) largely rose 2.7% (+$0.17), closed at $6.5, rose 3 days in a row. The best performer but with average volume.

WISETECH GLOBAL LIMITED (WTC) tumbled -6.9% (-$4.03), closed at $54.09, the worst % loss in 16 months, crossed below MA20 and MA50 ($56.9, $55.1). The largest increase in volume.

AFTERPAY LIMITED (APT) plunged -10.8% (-$8.66), closed at $71.85, the worst % loss in more than 10 months, also a 353-day low. The worst performer with a significant increase in volume.

NEXTDC LIMITED (NXT) plunged -7.1% (-$0.89), closed at $11.61, the worst % loss in nearly 14 months, crossed below MA20, MA50 and MA200 ($12.3, $12.1, $12.1).

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