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ASX Market Update 2023-09-08

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SP/ASX 200 slightly fell -0.2% (-14.3 pts), closed at 7157 points, fell 4 days in a row, fell -1.7% (-121 pts) for the week.

Among the 150 largest-cap stocks, 68 (45%) closed higher. 46% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 7 sectors closed down, the market internal was more negative, ranging from -1.4% to 0.5%. 6 sectors outperformed the market. The market was down -0.3%; Utilities was up 0.5%, the best performer, reflecting a more conservative market sentiment; Technology was down -1.4%, the worst performer.

● CONTACT ENERGY (CEN) largely rose 2.9% (+$0.22), closed at $7.89, rose 7.6% (+$0.56) for the week after a 2-week losing streak, crossed above MA20 ($7.69). The best performer today with a significant decrease in volume.
360miq.com/stockinfo?code=CEN.AX

● NEXGEN ENERGY (CANADA) (NXG) tumbled -11.8% (-$1.15), closed at $8.6, the worst % loss in nearly 9 months, fell -3.4% (-$0.3) for the week after a 3-week winning streak. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=NXG.AX

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

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