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ASX Market Update 2023-11-27

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SP/ASX 200 fell -0.8% (-53.4 pts), closed at 6988 points, the worst % loss in 1 month, crossed below MA20 and MA50 (6995 pts, 6992 pts).

Among the 150 largest-cap stocks, 38 (25%) closed higher. 39% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.2% to 0.3%. 7 sectors outperformed the market. The market was down -0.7%; Technology was up 0.3%, but already the best performer; Real Estate was down -1.2%, the worst performer.

● TECHNOLOGY ONE (TNE) largely rebounded 2.7% (+$0.4), closed at $15.4, crossed above MA200 ($15.27). The best performer with a significant decrease in volume.
360miq.com/stockinfo?code=TNE.AX

● IGO (IGO) largely fell -3.3% (-$0.29), closed at $8.45, hit a YTD low. The worst performer but with average volume.
360miq.com/stockinfo?code=IGO.AX

● NETWEALTH GROUP (NWL) largely rose 2.6% (+$0.37), closed at $14.58, rose 3 days in a row, a 26-day high, crossed above MA50 ($14.19).
360miq.com/stockinfo?code=NWL.AX

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

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