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ASX Market Update 2023-12-05

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SP/ASX 200 fell -0.9% (-63.4 pts), closed at 7062 points, the worst % loss in more than 1 month, is testing MA20 (7041 pts).

Among the 150 largest-cap stocks, 25 (17%) closed higher. 35% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.7% to 0.2%. 6 sectors outperformed the market. The market was down -0.9%; Healthcare was up 0.2%, but already the best performer; Utilities was down -2.7%, the worst performer.

● PALADIN ENERGY (PDN) largely retreated -4.3% (-$0.045), closed at $1.01. The largest increase in volume.
360miq.com/stockinfo?code=PDN.AX

● NEXGEN ENERGY (CANADA) (NXG) largely rebounded 3.2% (+$0.31), closed at $10.04, crossed above MA20 ($9.84). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=NXG.AX

● CONTACT ENERGY (CEN) largely retreated -10.9% (-$0.87) after a 3-day winning streak, closed at $7.13, the worst % loss in nearly 41 months, crossed below MA20, MA50 and MA200 ($7.21, $7.36, $7.22). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=CEN.AX

● LIONTOWN RESOURCES (LTR) sank -9.2% (-$0.125), closed at $1.235, the worst % loss in more than 1 month, also a 231-day low.
360miq.com/stockinfo?code=LTR.AX

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

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