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ASX Market Update 2023-01-06

360MiQ 0

SP/ASX 200 rose 0.6% (+45.6 pts), closed at 7110 points, rose 3 days in a row, rose 1% (+71 pts) for the week after a 4-week losing streak, crossed above MA50 (7106 pts).

Among the 150 largest-cap stocks, 76 (51%) closed higher. 57% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, 1 sector remained unchanged, ranging from -0.9% to 3%. only 2 sectors outperformed the market. The market was up 0.5%; Basic Materials was up 3%, the best performer; Real Estate was down -0.9%, the worst performer.

● LIONTOWN RESOURCES (LTR) spiked 8.3% (+$0.11), closed at $1.43, rose 3 days in a row, the best % gain in 3 months, rose 8.3% (+$0.11) for the week, rose 2 weeks in a row. The best performer today with a slight increase in volume.

● REGION GROUP (RGN) largely fell -3.8% (-$0.1), closed at $2.55, fell 5 days in a row, a 34-day low, fell -5.9% (-$0.16) for the week, crossed below MA50 ($2.63). The worst performer today with a huge increase in volume.

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