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ASX Market Update 2023-02-22

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SP/ASX 200 slightly fell -0.3% (-21.5 pts), closed at 7315 points, a 27-day low, is testing MA50 (7302 pts).

Among the 150 largest-cap stocks, 51 (34%) closed higher. 35% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -1.7% to 1.4%. 6 sectors outperformed the market. The market was down -0.5%; Energy was up 1.4%, the best performer; Communication was down -1.7%, the worst performer.

● ORIGIN ENERGY (ORG) soared 12.7% (+$0.89), closed at $7.9, the best % gain in more than 3 months, also hit a YTD high, crossed above MA20 and MA50 ($7.21, $7.39). The best performer with a huge increase in volume.

● DOMINO’S PIZZA ENTERPRISES (DMP) tumbled -23.8% (-$16.99), closed at $54.37, the worst % loss in nearly 197 months, also hit a YTD low, crossed below MA50 and MA200 ($69.55, $65.62). The worst performer with the largest increase in volume.

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