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ASX Market Update 2022-12-16

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SP/ASX 200 fell -0.8% (-56.3 pts), closed at 7149 points, the worst % loss in more than 1 month, fell -0.9% (-64 pts) for the week, fell 2 weeks in a row.

Among the 150 largest-cap stocks, 47 (31%) closed higher. 39% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -3.4% to 0.4%. 6 sectors outperformed the market. The market was down -0.8%; Energy was up 0.4%, but already the best performer; Technology was down -3.4%, the worst performer.

● CLEANAWAY WASTE MANAGEMENT (CWY) rebounded 1.1% (+$0.03), closed at $2.71, rose 0.7% (+$0.02) for the week, crossed above MA50 ($2.7). The largest increase in volume today.

● AURIZON (AZJ) largely rose 4% (+$0.15), closed at $3.87, the best % gain in more than 22 months, also an 86-day high, rose 1.8% (+$0.07) for the week, rose 4 weeks in a row, crossed above MA20 ($3.73). The best performer today with a significant increase in volume.

● BLOCK (SQ2) sank -6.2% (-$6.43), closed at $96.5, the worst % loss in nearly 2 months, rose 2.8% (+$2.66) for the week. The worst performer today with a significant increase in volume.

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