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ASX Market Update 2022-12-23

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SP/ASX 200 fell -0.6% (-45.3 pts), closed at 7108 points, fell -0.6% (-41 pts) for the week, fell 3 weeks in a row.

Among the 150 largest-cap stocks, 31 (21%) closed higher, 25 of them rose with a lower volume. 35% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -2.4% to 1.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.6%; Utilities was up 1.2%, the best performer, reflecting a decreasing risk appetite; Technology was down -2.4%, the worst performer.

● MERIDIAN ENERGY (MEZ) largely rebounded 3.1% (+$0.15) after a 3-day losing streak, closed at $4.95, hit a YTD high, rose 1.9% (+$0.09) for the week, rose 6 weeks in a row. The best performer today with a significant decrease in volume.

● NETWEALTH GROUP (NWL) largely retreated -3.8% (-$0.48), closed at $12.25, the worst % loss in 2 months, also a 33-day low, fell -4.1% (-$0.52) for the week, fell 3 weeks in a row. The worst performer today with a significant decrease in volume.

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