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ASX Market Update 2023-09-01

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SP/ASX 200 fell -0.4% (-26.7 pts) after a 4-day winning streak, closed at 7278 points, rose 2.3% (+163 pts) for the week after a 2-week losing streak.

Among the 150 largest-cap stocks, 63 (42%) closed higher. 48% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -1.5% to 1.5%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Energy was up 1.5%, the best performer; Healthcare was down -1.5%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) spiked 7.2% (+$0.6), closed at $8.9, hit a record high, rose 12.2% (+$0.97) for the week, rose 3 weeks in a row. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=NXG.AX

● FORTESCUE METALS GROUP (FMG) tanked -5.3% (-$1.13) after a 3-day winning streak, closed at $20.3, the worst % loss in 1 month, fell -3% (-$0.63) for the week, crossed below MA20 and MA200 ($20.77, $21.05). The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=FMG.AX

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

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