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ASX Market Update 2022-03-04

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SP/ASX 200 fell -0.6% (-40.2 pts) after a 5-day winning streak, closed at 7111 points, rose 1.6% (+113 pts) for the week.

Among the 150 largest-cap stocks, 45 (30%) closed higher. Only 29% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -5.9% to 1.1%. 7 sectors outperformed the market. The market was down -1%; Utilities was up 1.1%, the best performer, reflecting a more risk-averse market; Technology was down -5.9%, the worst performer.

● NEWCREST MINING (NCM) largely rebounded 2.8% (+$0.7), closed at $26.02, hit a YTD high, rose 4.8% (+$1.2) for the week, rose 5 weeks in a row. The best performer today but with average volume.

● JANUS HENDERSON GROUP (JHG) largely retreated -5.9% (-$2.64), closed at $42.14, hit a YTD low, fell -8.2% (-$3.74) for the week, fell 4 weeks in a row. The worst performer today but with average volume.

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