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ASX Market Update 2023-01-23

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SP/ASX 200 slightly rose 0.07% (+5.3 pts), closed at 7457 points, rose 4 days in a row, a 189-day high.

Among the 150 largest-cap stocks, 84 (56%) closed higher. 57% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, the market internal was more positive, 2 sectors closed down, 1 sector remained unchanged, ranging from -0.2% to 3.2%. 3 sectors outperformed the market. The market was up 0.2%; Technology was up 3.2%, the best performer, reflecting a more aggressive market sentiment; Healthcare was down -0.2%, but already the worst performer.

● STANMORE RESOURCES (SMR) largely retreated -6.6% (-$0.24) after a 6-day winning streak, closed at $3.42, the worst % loss in more than 2 months. The worst performer but with average volume.

● LIONTOWN RESOURCES (LTR) largely rebounded 6.9% (+$0.095), closed at $1.47, crossed above MA20 ($1.4). The best performer with a slight increase in volume.

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