SP/ASX 200 fell -0.9% (-63.2 pts), closed at 7347 points, a 23-day low, fell -1.2% (-87 pts) for the week, fell 2 weeks in a row.
Among the 150 largest-cap stocks, 40 (27%) closed higher. Only 31% of all ASX stocks ended higher, the least for nearly 2 months.
In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -5.2% to 0.1%. 8 sectors outperformed the market. The market was down -1%; Consumer Defensive, Utilities were up 0.1%, but already the best performers, reflecting a more conservative market sentiment; Technology was down -5.2%, the worst performer.
● QBE INSURANCE GROUP (QBE) jumped 7.4% (+$0.99), closed at $14.39, the best % gain in 1.5 years, also hit a YTD high, rose 8.8% (+$1.16) for the week, rose 2 weeks in a row, crossed above MA20 ($13.5). The best performer today with a huge increase in volume.
● THE A2 MILK COMPANY (A2M) surged 6.3% (+$0.42), closed at $7.1, the best % gain in more than 5 months, also hit a YTD high, rose 3.6% (+$0.25) for the week, crossed above MA20 and MA50 ($6.82, $6.8). The largest increase in volume today.
● BLOCK (SQ2) largely retreated -7.8% (-$9.48) after a 3-day winning streak, closed at $112.62, the worst % loss in nearly 4 months, rose 3.6% (+$3.9) for the week, crossed below MA20 ($114.28). The worst performer today with a slight increase in volume.
360miq.com/market?data=ASX#tab-3
