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ASX Market Update 2023-12-07

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SP/ASX 200 slightly retreated -0.07% (-4.7 pts), closed at 7173 points, is testing MA200 (7159 pts).

Among the 150 largest-cap stocks, 57 (38%) closed higher. 46% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 5 sectors closed down, 2 sectors remained unchanged, ranging from -0.4% to 1.8%. 5 sectors outperformed the market. The market remained unchanged; Technology was up 1.8%, the best performer, reflecting a more aggressive market sentiment; Healthcare, Financial, Consumer Defensive, Consumer Cyclical were down -0.4%, but already the worst performers.

● PALADIN ENERGY (PDN) sank -6% (-$0.06), closed at $0.94, fell 3 days in a row, the worst % loss in 2 months, crossed below MA20 and MA50 ($0.99, $0.99). The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=PDN.AX

● PERPETUAL (PPT) spiked 6.7% (+$1.59), closed at $25.35, the best % gain in nearly 13 months, also an 83-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=PPT.AX

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

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