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ASX Market Update 2023-05-11

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SP/ASX 200 slightly fell -0.06% (-4.1 pts), closed at 7252 points, fell 3 days in a row.

Among the 150 largest-cap stocks, 73 (49%) closed higher. 54% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 5 sectors closed down, 2 sectors remained unchanged, ranging from -1.4% to 0.4%. 7 sectors outperformed the market. The market was down -0.1%; Communication was up 0.4%, but already the best performer; Utilities was down -1.4%, the worst performer.

● ALLKEM (AKE) surged 15.7% (+$2.03), closed at $14.94, rose 5 days in a row, the best % gain in 39 months, also hit a YTD high, crossed above MA200 ($12.94). The best performer with the largest increase in volume.
360miq.com/stockinfo?code=AKE.AX

● BLOCK (SQ2) largely retreated -4% (-$3.49), closed at $84.7, hit a YTD low. 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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