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ASX Market Update 2023-07-06

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SP/ASX 200 fell -1.2% (-89.6 pts), closed at 7163 points, crossed below MA20 and MA50 (7197 pts, 7211 pts).

Among the 150 largest-cap stocks, 28 (19%) closed higher. 37% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -1.8% to 1.6%. 7 sectors outperformed the market. The market was down -1%; Technology was up 1.6%, the best performer, reflecting an increasing risk appetite; Consumer Cyclical, Basic Materials were down -1.8%, the worst performers.

● BLOCK (SQ2) largely rose 3.9% (+$3.85), closed at $101.9, a 61-day high, crossed above MA200 ($98.34). The largest increase in volume.
360miq.com/stockinfo?code=SQ2.AX

● MERIDIAN ENERGY (MEZ) largely rebounded 4.4% (+$0.22), closed at $5.27, the best % gain in more than 2 months, also hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=MEZ.AX

● AMP (AMP) sank -4.7% (-$0.05), closed at $1.02, a 73-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=AMP.AX

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

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