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ASX Market Update 2023-03-08

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SP/ASX 200 fell -0.8% (-57.2 pts) after a 4-day winning streak, closed at 7308 points, crossed below MA20 and MA50 (7338 pts, 7327 pts).

Among the 150 largest-cap stocks, 42 (28%) closed higher. Only 33% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -3.7% to 0.2%. 7 sectors outperformed the market. The market was down -0.8%; Healthcare was up 0.2%, but already the best performer; Energy was down -3.7%, the worst performer.

● QANTAS AIRWAYS (QAN) largely rose 2.9% (+$0.19), closed at $6.77, the best % gain in more than 3 months, also hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=QAN.AX

● NEXGEN ENERGY (CANADA) (NXG) largely fell -4.2% (-$0.27) after a 3-day winning streak, closed at $6.14, crossed below MA200 ($6.25). The largest increase in volume.
360miq.com/stockinfo?code=NXG.AX

● AIR NEW ZEALAND (AIZ) rose 2.1% (+$0.015), closed at $0.745, rose 3 days in a row, the best % gain in nearly 2 months, also hit a YTD high.
360miq.com/stockinfo?code=AIZ.AX

● WOODSIDE ENERGY GROUP (WDS) largely retreated -7.2% (-$2.72), closed at $34.9, the worst % loss in more than 35 months, crossed below MA20 and MA50 ($35.76, $35.96). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=WDS.AX

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

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