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ASX Market Update 2023-01-04

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SP/ASX 200 largely rebounded 1.6% (+113 pts), closed at 7059 points, the best % gain in nearly 2 months, crossed above MA200 (7003 pts).

Among the 150 largest-cap stocks, 127 (85%) closed higher. 66% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.8% to 3.3%. 4 sectors outperformed the market. The market was up 1.6%; Technology was up 3.3%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.8%, the worst performer.

● ANGLOGOLD ASHANTI (AGG) largely rebounded 3.1% (+$0.18), closed at $5.93, a 175-day high. The largest increase in volume.

● CHAMPION IRON (CIA) soared 5.6% (+$0.41), closed at $7.74, the best % gain in 1 month, also a 188-day high. The best performer with a significant increase in volume.

● VIRGIN MONEY UK (VUK) largely rebounded 4.9% (+$0.16), closed at $3.4, the best % gain in more than 1 month, also a 214-day high.

● BREVILLE GROUP (BRG) soared 5.1% (+$0.95), closed at $19.62, rose 5 days in a row, the best % gain in nearly 2 months, crossed above MA20 ($18.99).

● BLOCK (SQ2) largely rose 4.2% (+$3.9), closed at $96.3, rose 4 days in a row, crossed above MA20 and MA50 ($93.99, $95.27).

● CONTACT ENERGY (CEN) largely retreated -4.6% (-$0.34), closed at $7.01, crossed below MA20 ($7.31). The worst performer with a significant increase in volume.

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