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ASX Market Update 2022-01-11

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SP/ASX 200 fell -0.8% (-56.9 pts), closed at 7390 points, crossed below MA20 (7407 pts).

Among the 150 largest-cap stocks, 39 (26%) closed higher. 41% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.8% to 0.3%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.6%; Basic Materials was up 0.3%, but already the best performer; Consumer Defensive was down -1.8%, the worst performer.

● SSR MINING (SSR) largely rebounded 3.1% (+$0.69) after a 4-day losing streak, closed at $23.21. The largest increase in volume.

● ALUMINA (AWC) largely rose 3.9% (+$0.075), closed at $2.01, rose 3 days in a row, the best % gain in nearly 3 months, also a 49-day high. The best performer with a significant increase in volume.

● ARB (ARB) sank -12.3% (-$6.5), closed at $46.32, the worst % loss in 14 months, also a 65-day low, crossed below MA20 and MA50 ($52.12, $51.97). The worst performer with a huge increase in volume.

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