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ASX Market Update 2023-03-16

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SP/ASX 200 fell -1.5% (-104 pts), closed at 6966 points, a 50-day low, crossed below MA200 (7007 pts).

Among the 150 largest-cap stocks, 37 (25%) closed higher. Only 27% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -4.2% to 1.2%. 8 sectors outperformed the market. The market was down -1.3%; Healthcare was up 1.2%, the best performer; Energy was down -4.2%, the worst performer.

● LIONTOWN RESOURCES (LTR) jumped 4.5% (+$0.065), closed at $1.525, crossed above MA50 and MA200 ($1.48, $1.52). The best performer but with average volume.
360miq.com/stockinfo?code=LTR.AX

● FLETCHER BUILDING (FBU) largely retreated -7.4% (-$0.31), closed at $3.89, the worst % loss in more than 35 months, also hit a YTD low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=FBU.AX

● CORONADO GLOBAL RESOURCES (CRN) largely retreated -7.1% (-$0.13), closed at $1.71, the worst % loss in more than 5 months, also hit a YTD low.
360miq.com/stockinfo?code=CRN.AX

● COMPUTERSHARE (CPU) largely retreated -7% (-$1.57), closed at $20.84, hit a YTD low.
360miq.com/stockinfo?code=CPU.AX

● WOODSIDE ENERGY GROUP (WDS) sank -5.4% (-$1.77), closed at $31.09, fell 3 days in a row, the worst % loss in more than 8 months, also hit a YTD low, crossed below MA200 ($31.95).
360miq.com/stockinfo?code=WDS.AX

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

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