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ASX Market Update 2023-09-22

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SP/ASX 200 slightly rebounded 0.05% (+3.8 pts) after a 4-day losing streak, closed at 7069 points, fell -2.9% (-210 pts) for the week.

Among the 150 largest-cap stocks, 71 (47%) closed higher. 39% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 5 sectors closed down, 2 sectors remained unchanged, ranging from -1.2% to 1.3%. 5 sectors outperformed the market. The market remained unchanged; Utilities was up 1.3%, the best performer, reflecting a decreasing risk appetite; Real Estate was down -1.2%, the worst performer.

● RIO TINTO (RIO) fell -1.1% (-$1.33), closed at $114.57, fell 4 days in a row, fell -3.6% (-$4.34) for the week, crossed below MA20 ($114.61). The largest increase in volume today.
360miq.com/stockinfo?code=RIO.AX

● PILBARA MINERALS (PLS) largely rebounded 6.8% (+$0.27) after a 4-day losing streak, closed at $4.25, the best % gain in nearly 5 months, fell -5.3% (-$0.24) for the week, fell 3 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=PLS.AX

● IDP EDUCATION (IEL) plunged -5.9% (-$1.38), closed at $22.01, fell 5 days in a row, the worst % loss in more than 3 months, also a 51-day low, fell -10.7% (-$2.63) for the week. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=IEL.AX

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

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