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ASX Market Update 2023-01-19

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SP/ASX 200 rose 0.6% (+42.3 pts), closed at 7435 points, a 183-day high.

Among the 150 largest-cap stocks, 85 (57%) closed higher. 50% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -1.4% to 1%. 5 sectors outperformed the market. The market was up 0.4%; Basic Materials, Utilities were up 1%, the best performers; Technology was down -1.4%, the worst performer.

● NICKEL INDUSTRIES (NIC) sank -6.7% (-$0.075), closed at $1.045, the worst % loss in more than 6 months. The largest increase in volume.

● VIVA ENERGY GROUP (VEA) surged 4.7% (+$0.13), closed at $2.87, the best % gain in nearly 5 months, also a 52-day high. The best performer with a significant increase in volume.

● NETWEALTH GROUP (NWL) plummeted -9.2% (-$1.28), closed at $12.65, the worst % loss in 11 months, crossed below MA20, MA50 and MA200 ($12.73, $13.25, $12.76). The worst performer with a huge increase in volume.

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