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ASX Market Update 2023-11-17

360MiQ 0

SP/ASX 200 slightly fell -0.1% (-8.6 pts), closed at 7049 points, rose 1% (+72 pts) for the week.

Among the 150 largest-cap stocks, 66 (44%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -1.2% to 0.4%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.1%; Basic Materials, Industrials were up 0.4%, but already the best performers; Utilities was down -1.2%, the worst performer.

● GQG PARTNERS (GQG) spiked 6.9% (+$0.095), closed at $1.475, the best % gain in more than 4 months, also a 42-day high, rose 11.7% (+$0.155) for the week, crossed above MA50 and MA200 ($1.39, $1.44). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=GQG.AX

● CONTACT ENERGY (CEN) largely retreated -4.5% (-$0.33), closed at $7.01, fell -5.3% (-$0.39) for the week, crossed below MA20 and MA200 ($7.28, $7.21). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=CEN.AX

● CAR GROUP (CAR) plummeted -4.4% (-$1.28), closed at $28.08, the worst % loss in more than 13 months, fell -3.2% (-$0.92) for the week after a 2-week winning streak, crossed below MA20 and MA50 ($28.58, $28.71).
360miq.com/stockinfo?code=CAR.AX

● ALLKEM (AKE) largely fell -4% (-$0.36), closed at $8.69, fell -3.4% (-$0.31) for the week, fell 5 weeks in a row.
360miq.com/stockinfo?code=AKE.AX

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

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