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ASX Market Update 2023-01-13

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SP/ASX 200 rose 0.7% (+48.1 pts), closed at 7328 points, rose 3 days in a row, a 27-day high, rose 3.1% (+218 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 105 (70%) closed higher. 61% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.2% to 1.3%. 6 sectors outperformed the market. The market was up 0.6%; Energy was up 1.3%, the best performer; Consumer Defensive was down -0.2%, but already the worst performer.

● NEW HOPE (NHC) largely rebounded 5.1% (+$0.3) after a 3-day losing streak, closed at $6.22, the best % gain in more than 1 month, rose 3% (+$0.18) for the week after a 2-week losing streak, crossed above MA20 ($6.2). The best performer today but with average volume.

● PILBARA MINERALS (PLS) largely retreated -4.1% (-$0.17), closed at $3.99, rose 0.8% (+$0.03) for the week, rose 2 weeks in a row. The worst performer today with a slight decrease in volume.

● DOMINO’S PIZZA ENTERPRISES (DMP) soared 4.5% (+$3.07), closed at $71.8, the best % gain in 2 months, also a 105-day high, rose 5.8% (+$3.91) for the week, rose 3 weeks in a row.

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