SP/ASX 200 fell -1.1% (-82.2 pts), closed at 7225 points, the worst % loss in nearly 2 months, also a 31-day low, crossed below MA50 (7306 pts).
Among the 150 largest-cap stocks, 29 (19%) closed higher. Only 27% of all ASX stocks ended higher, the least for more than 2 months.
In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -3.4% to 0.4%. 7 sectors outperformed the market. The market was down -1.2%; Energy was up 0.4%, but already the best performer; Basic Materials was down -3.4%, the worst performer.
● TPG TELECOM (TPG) spiked 5.9% (+$0.28), closed at $5, rose 3 days in a row, the best % gain in 21 months, also a 20-day high, crossed above MA20 and MA50 ($4.75, $4.84). The best performer with the largest increase in volume.
● PILBARA MINERALS (PLS) largely retreated -7.3% (-$0.33), closed at $4.2, the worst % loss in more than 2 months, crossed below MA50 ($4.33). The worst performer with a slight increase in volume.
● FORTESCUE METALS GROUP (FMG) sank -7.3% (-$1.63), closed at $20.81, fell 4 days in a row, the worst % loss in 4 months, also a 37-day low, crossed below MA20 and MA50 ($22.28, $21.8).
● NICKEL INDUSTRIES (NIC) sank -6.8% (-$0.07), closed at $0.96, the worst % loss in more than 7 months, also hit a YTD low, crossed below MA200 ($0.99).
● SANDFIRE RESOURCES (SFR) sank -6.8% (-$0.42), closed at $5.8, the worst % loss in more than 4 months, also a 35-day low, crossed below MA50 ($6.05).
360miq.com/market?data=ASX#tab-3
