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ASX Market Update 2023-03-07

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SP/ASX 200 rose 0.5% (+35.7 pts), closed at 7365 points, rose 4 days in a row, crossed above MA20 (7349 pts).

Among the 150 largest-cap stocks, 102 (68%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.3% to 1%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.4%; Consumer Cyclical was up 1%, the best performer; Basic Materials was down -0.3%, but already the worst performer.

● LIONTOWN RESOURCES (LTR) largely retreated -3.8% (-$0.065) after a 5-day winning streak, closed at $1.655. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=LTR.AX

● CONTACT ENERGY (CEN) surged 4.8% (+$0.34), closed at $7.37, the best % gain in more than 2 months, also a 22-day high, crossed above MA50 ($7.15). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=CEN.AX

● ALS (ALQ) largely fell -3.7% (-$0.47), closed at $12.3, the worst % loss in more than 5 months, also a 38-day low, crossed below MA20 and MA50 ($12.63, $12.66).
360miq.com/stockinfo?code=ALQ.AX

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

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