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ASX Market Update 2023-05-24

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SP/ASX 200 fell -0.6% (-46.2 pts), closed at 7214 points, fell 3 days in a row, crossed below MA20 (7254 pts).

Among the 150 largest-cap stocks, 45 (30%) closed higher. 35% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -1.6% to 0.5%. 7 sectors outperformed the market. The market was down -0.7%; Energy was up 0.5%, the best performer; Basic Materials was down -1.6%, the worst performer.

● WEBJET (WEB) largely rebounded 3.8% (+$0.28), closed at $7.58, the best % gain in 6 months, also hit a YTD high, crossed above MA20 ($7.31). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=WEB.AX

● EAGERS AUTOMOTIVE (APE) plummeted -4.9% (-$0.66), closed at $12.85, a 60-day low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=APE.AX

● FORTESCUE METALS GROUP (FMG) largely fell -4.1% (-$0.83), closed at $19.62, the worst % loss in more than 5 months, also hit a YTD low.
360miq.com/stockinfo?code=FMG.AX

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

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