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ASX Market Update 2023-05-08

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SP/ASX 200 rose 0.8% (+56.5 pts), closed at 7277 points.

Among the 150 largest-cap stocks, 103 (69%) closed higher. 53% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -1.7% to 2.2%. 4 sectors outperformed the market. The market was up 0.6%; Energy was up 2.2%, the best performer; Technology was down -1.7%, the worst performer.

● WORLEY (WOR) largely rose 3.6% (+$0.56), closed at $16.01, rose 3 days in a row, the best % gain in nearly 7 months, also hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=WOR.AX

● LYNAS RARE EARTHS (LYC) surged 12% (+$0.79), closed at $7.37, rose 3 days in a row, the best % gain in more than 26 months, also a 38-day high, crossed above MA50 ($6.82). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=LYC.AX

● BLOCK (SQ2) largely retreated -5.1% (-$4.79), closed at $88.41. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=SQ2.AX

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

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