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ASX Market Update 2023-03-06

360MiQ 0

SP/ASX 200 rose 0.6% (+44.6 pts), closed at 7329 points, rose 3 days in a row, crossed above MA50 (7319 pts).

Among the 150 largest-cap stocks, 101 (67%) closed higher, 84 of them rose with a lower volume. 55% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.9% to 3.1%. 5 sectors outperformed the market. The market was up 0.6%; Technology was up 3.1%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.9%, the worst performer.

● BLOCK (SQ2) spiked 5.5% (+$6.28), closed at $120.52.
360miq.com/stockinfo?code=SQ2.AX

● LIONTOWN RESOURCES (LTR) jumped 5.5% (+$0.09), closed at $1.72, rose 5 days in a row, hit a YTD high. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=LTR.AX

● LYNAS RARE EARTHS (LYC) plunged -4.5% (-$0.35), closed at $7.45, hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=LYC.AX

● STANMORE RESOURCES (SMR) tumbled -4.3% (-$0.16) after a 3-day winning streak, closed at $3.52, crossed below MA20 ($3.67).
360miq.com/stockinfo?code=SMR.AX

360miq.com/market?data=ASX#tab-3

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