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ASX Market Update 2022-11-09

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SP/ASX 200 rose 0.6% (+40.3 pts), closed at 6999 points, rose 4 days in a row, a 39-day high, crossed above MA200 (6996 pts).

Among the 150 largest-cap stocks, 80 (53%) closed higher. 58% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, the market internal was more negative, ranging from -2.2% to 2.6%. only 2 sectors outperformed the market. The market was up 0.4%; Basic Materials was up 2.6%, the best performer; Communication was down -2.2%, the worst performer.

● NEWS (NWS) plummeted -11.1% (-$2.89), closed at $23.04, fell 3 days in a row, the worst % loss in more than 112 months, also an 81-day low, crossed below MA50 ($25.4). The worst performer but with average volume.

● ANGLOGOLD ASHANTI (AGG) spiked 11.1% (+$0.49), closed at $4.9, rose 4 days in a row, the best % gain in nearly 31 months, also a 108-day high, crossed above MA200 ($4.9). The best performer with the largest increase in volume.

● EVOLUTION MINING (EVN) jumped 9.3% (+$0.2), closed at $2.35, the best % gain in more than 11 months, also a 48-day high.

● WHITEHAVEN COAL (WHC) tumbled -8.5% (-$0.8), closed at $8.61, fell 3 days in a row, the worst % loss in more than 1 month, also a 30-day low, crossed below MA50 ($9.36).

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