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ASX Market Update 2022-02-04

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SP/ASX 200 rose 0.6% (+42.1 pts), closed at 7120 points, rose 1.9% (+132 pts) for the week after a 3-week losing streak.

Among the 150 largest-cap stocks, 113 (75%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.1% to 1.1%. 6 sectors outperformed the market. The market was up 0.5%; Technology was up 1.1%, the best performer; Utilities was down -0.1%, but already the worst performer.

● BRAINCHIP HOLDINGS (BRN) largely rebounded 9.1% (+$0.145), closed at $1.735, rose 25.3% (+$0.35) for the week. The best performer today but with average volume.

● BORAL (BLD) largely retreated -41.8% (-$2.73) due to a $0.07 per share dividend and a $2.65 per share capital return to shareholders, closed at $3.8, hit a YTD low, fell -36.1% (-$2.15) for the week after a 2-week winning streak, crossed below MA20, MA50 and MA200 ($5.85, $6.01, $6.48). The worst performer today with a huge increase in volume.

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