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ASX Market Update 2023-05-03

360MiQ 0

SP/ASX 200 fell -1% (-69.6 pts), closed at 7197 points, the worst % loss in more than 1 month, crossed below MA50 (7214 pts).

Among the 150 largest-cap stocks, 38 (25%) closed higher. 37% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.6% to 0.3%. 6 sectors outperformed the market. The market was down -0.9%; Utilities was up 0.3%, but already the best performer, reflecting a decreasing risk appetite; Energy was down -1.6%, the worst performer.

● SSR MINING (SSR) surged 5.5% (+$1.18) after a 4-day losing streak, closed at $22.55, the best % gain in more than 1 month, crossed above MA50 and MA200 ($21.49, $22.03). The best performer but with average volume.
360miq.com/stockinfo?code=SSR.AX

● AMCOR (AMC) tanked -9.5% (-$1.57), closed at $14.91, the worst % loss in nearly 88 months, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=AMC.AX

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

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