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ASX Market Update 2023-05-18

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SP/ASX 200 rose 0.5% (+37.8 pts), closed at 7237 points, crossed above MA50 (7203 pts).

Among the 150 largest-cap stocks, 92 (61%) closed higher. 55% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 3 sectors closed down, 1 sector remained unchanged, ranging from -0.5% to 2.4%. 5 sectors outperformed the market. The market was up 0.5%; Technology was up 2.4%, the best performer, reflecting an increasing risk appetite; Real Estate was down -0.5%, the worst performer.

● XERO (XRO) jumped 8.9% (+$8.39), closed at $102.49, the best % gain in more than 2 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=XRO.AX

● BEACH ENERGY (BPT) sank -4.3% (-$0.06), closed at $1.35, the worst % loss in 2 months, also a 34-day low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=BPT.AX

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

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