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ASX Market Update 2023-05-19

360MiQ 0

SP/ASX 200 rose 0.6% (+42.5 pts), closed at 7280 points, rose 0.3% (+23 pts) for the week, rose 2 weeks in a row, crossed above MA20 (7265 pts).

Among the 150 largest-cap stocks, 98 (65%) closed higher. 59% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.2% to 2.3%. 3 sectors outperformed the market. The market was up 0.6%; Technology was up 2.3%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -0.2%, but already the worst performer.

● AUB GROUP (AUB) surged 5.9% (+$1.52), closed at $27.38, the best % gain in more than 26 months, rose 2.3% (+$0.62) for the week, rose 2 weeks in a row, crossed above MA20 and MA50 ($26.85, $26.36). The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=AUB.AX

● XERO (XRO) soared 5.4% (+$5.51), closed at $108, rose 3 days in a row, hit a YTD high, rose 15.1% (+$14.16) for the week, rose 2 weeks in a row.
360miq.com/stockinfo?code=XRO.AX

● WHITEHAVEN COAL (WHC) largely retreated -4.3% (-$0.31), closed at $6.86, the worst % loss in nearly 2 months, fell -1.2% (-$0.08) for the week, crossed below MA20 and MA50 ($7.08, $6.93). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=WHC.AX

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

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