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ASX Market Update 2023-05-25

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SP/ASX 200 fell -1.1% (-75.8 pts), closed at 7138 points, fell 4 days in a row, the worst % loss in 2 months, also a 36-day low, crossed below MA50 (7202 pts).

Among the 150 largest-cap stocks, 52 (35%) closed higher. 37% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, 1 sector remained unchanged, ranging from -1.7% to 1.3%. 8 sectors outperformed the market. The market was down -1%; Technology was up 1.3%, the best performer; Financial was down -1.7%, the worst performer.

● JANUS HENDERSON GROUP (JHG) fell -2% (-$0.81), closed at $39.14, crossed below MA20 ($39.4). The largest increase in volume.
360miq.com/stockinfo?code=JHG.AX

● ADBRI (ABC) jumped 21.9% (+$0.35), closed at $1.95, the best % gain in nearly 233 months, also hit a YTD high, crossed above MA50 and MA200 ($1.62, $1.79). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=ABC.AX

● ARAFURA RARE EARTHS (ARU) tanked -7.7% (-$0.03), closed at $0.36, the worst % loss in 2 months, also hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=ARU.AX

● ACCENT GROUP (AX1) plunged -6.6% (-$0.135), closed at $1.905, fell 5 days in a row, an 82-day low.
360miq.com/stockinfo?code=AX1.AX

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

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