SP/ASX 200 largely fell -2.2% (-159 pts), closed at 7206 points, the worst % loss in more than 2 months, also a 33-day low, fell -3.1% (-229 pts) for the week, fell 3 weeks in a row, crossed below MA50 and MA200 (7313 pts, 7352 pts).
Among the 150 largest-cap stocks, 10 (7%) closed higher. Only 16% of all ASX stocks ended higher, the least for more than 3 months.
In terms of sectors, all sectors were down with losses from -0.8% to -3.2%. 6 sectors outperformed the market. The market was down -2.2%; Consumer Defensive was down -0.8%, but already the best performer, reflecting a decreasing risk appetite; Technology, Real Estate, Communication were down -3.2%, the worst performers.
● NEWS (NWS) largely retreated -7.8% (-$2.24), closed at $26.6, the worst % loss in nearly 9 months, also hit a YTD low, fell -7.5% (-$2.16) for the week, fell 3 weeks in a row. The largest increase in volume today.
● FISHER & PAYKEL HEALTHCARE (FPH) rose 2.3% (+$0.44), closed at $19.84, rose 0.2% (+$0.04) for the week after a 6-week losing streak. The best performer today with a slight increase in volume.
● XERO (XRO) largely retreated -9.1% (-$8.63) after a 3-day winning streak, closed at $86.57, the worst % loss in more than 11 months, also hit a YTD low, fell -10.2% (-$9.78) for the week, fell 3 weeks in a row. The worst performer today with a significant increase in volume.
● VIRGIN MONEY UK (VUK) plummeted -8.5% (-$0.26), closed at $2.81, the worst % loss in nearly 6 months, also hit a YTD low, fell -8.8% (-$0.27) for the week after a 3-week winning streak, crossed below MA20 ($2.98).
● IDP EDUCATION (IEL) tanked -8.2% (-$2.21), closed at $24.8, the worst % loss in more than 25 months, also hit a YTD low, fell -7.7% (-$2.07) for the week, fell 6 weeks in a row.
● REA GROUP (REA) plunged -8.1% (-$9.85), closed at $112.15, the worst % loss in more than 25 months, also hit a YTD low, fell -13.3% (-$17.27) for the week.
360miq.com/market?data=ASX#tab-3
