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ASX Market Update 2023-01-24

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SP/ASX 200 rose 0.4% (+33.4 pts), closed at 7490 points, rose 5 days in a row, a 191-day high.

Among the 150 largest-cap stocks, 99 (66%) closed higher. 56% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -0.2% to 3.5%. 4 sectors outperformed the market. The market was up 0.5%; Technology was up 3.5%, the best performer, reflecting an increasing risk appetite; Industrials, Healthcare, Financial were down -0.2%, but already the worst performers.

● MERCURY NZ (MCY) largely fell -2.7% (-$0.15), closed at $5.36. The worst performer with a significant decrease in volume.

● BREVILLE GROUP (BRG) jumped 7.5% (+$1.57), closed at $22.39, the best % gain in nearly 34 months, also a 109-day high. The best performer with the largest increase in volume.

● BLOCK (SQ2) surged 5.7% (+$6.18), closed at $114.69, a 107-day high.

● COCHLEAR (COH) fell -2.5% (-$5.29), closed at $203.41, fell 3 days in a row, the worst % loss in more than 2 months, crossed below MA20 and MA50 ($206.9, $207.49).

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