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ASX Market Update 2023-01-25

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SP/ASX 200 slightly fell -0.3% (-21.7 pts) after a 5-day winning streak, closed at 7468 points.

Among the 150 largest-cap stocks, 61 (41%) closed higher. 41% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -1.8% to 0.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.3%; Consumer Cyclical, Financial, Industrials were up 0.2%, but already the best performers; Technology was down -1.8%, the worst performer.

● NEWS (NWS) jumped 6.2% (+$1.76), closed at $29.93, rose 3 days in a row, the best % gain in more than 2 months, also a 204-day high. The best performer with the largest increase in volume.

● EVOLUTION MINING (EVN) largely retreated -5.9% (-$0.2), closed at $3.21, the worst % loss in 3 months, crossed below MA20 ($3.23). The worst performer with a slight increase in volume.

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