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ASX Market Update 2023-03-01

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SP/ASX 200 slightly fell -0.09% (-6.4 pts), closed at 7252 points.

Among the 150 largest-cap stocks, 68 (45%) closed higher. 46% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, the market internal was more negative, ranging from -1.8% to 2.2%. 4 sectors outperformed the market. The market remained unchanged; Basic Materials was up 2.2%, the best performer; Communication was down -1.8%, the worst performer.

● YANCOAL AUSTRALIA (YAL) largely rebounded 5.1% (+$0.3), closed at $6.16, the best % gain in nearly 2 months, crossed above MA50 ($6.06). The best performer with a significant increase in volume.

● ORORA (ORA) largely retreated -3.1% (-$0.11), closed at $3.42. The worst performer with a slight increase in volume.

● WESTPAC BANKING (WBC) fell -2% (-$0.46), closed at $22.07, hit a YTD low, crossed below MA200 ($22.09).

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