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ASX Market Update 2021-12-20

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S&P/ASX 200 and the market ended -0.2% and -0.3% lower respectively.

69 out of 150 (46%) largest-cap stocks ended higher. And only 30% of all ASX stocks closed higher.

Only 3 sectors ended higher, Utilities (1.2%), Healthcare (0.8%), Consumer Defensive (0.5%). The market is still in the risk-off mode.

Energy dropped -2.6% to be the worst sector on concerns over oil demand outlook. Washington H Soul Pattinson (SOL) plunged -6.1%, while Santos (STO) dropped -4.8%.

Magellan Financial Group (MFG) slumped -32.9% to its 3-year low on losing a major client.

CIMIC (CIM) was reported that it had not paid wages and benefits to more than 100 employees, shares slumped 13.4% to hit the YTD low.

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

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