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ASX Market Update 2023-05-17

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SP/ASX 200 fell -0.5% (-35.8 pts), closed at 7199 points, crossed below MA50 (7205 pts).

Among the 150 largest-cap stocks, 49 (33%) closed higher. 36% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 8 sectors closed down, 1 sector remained unchanged, ranging from -0.9% to 0.1%. 6 sectors outperformed the market. The market was down -0.4%; Communication, Energy, Utilities were up 0.1%, but already the best performers; Basic Materials was down -0.9%, the worst performer.

● INFRATIL (IFT) largely rose 3.7% (+$0.33), closed at $9.2, hit a record high. The best performer but with average volume.
360miq.com/stockinfo?code=IFT.AX

● INCITEC PIVOT (IPL) plummeted -7.8% (-$0.25), closed at $2.94, fell 4 days in a row, the worst % loss in 2 years, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=IPL.AX

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

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