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ASX Market Update 2023-01-10

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SP/ASX 200 slightly fell -0.3% (-20 pts) after a 4-day winning streak, closed at 7131 points, is testing MA20 and MA50 (7117 pts, 7119 pts).

Among the 150 largest-cap stocks, 57 (38%) closed higher. 44% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 7 sectors closed down, 2 sectors remained unchanged, ranging from -0.9% to 0.3%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Communication was up 0.3%, but already the best performer; Utilities was down -0.9%, the worst performer.

● BORAL (BLD) largely rose 2.6% (+$0.08), closed at $3.1, rose 3 days in a row, a 21-day high. The best performer with a huge increase in volume.

● PREMIER INVESTMENTS (PMV) largely retreated -5.1% (-$1.34), closed at $24.85, the worst % loss in more than 8 months, crossed below MA20 and MA50 ($25.06, $25.11). The worst performer with a slight increase in volume.

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