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ASX Market Update 2022-01-17

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SP/ASX 200 slightly rebounded 0.3% (+23.3 pts), closed at 7417 points, is testing MA20 (7421 pts).

Among the 150 largest-cap stocks, 93 (62%) closed higher. 55% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.9% to 1.6%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.2%; Consumer Cyclical was up 1.6%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -0.9%, the worst performer.

● WHITEHAVEN COAL (WHC) largely rebounded 4.3% (+$0.12), closed at $2.92. The best performer with a slight decrease in volume.

● NEXGEN ENERGY (CANADA) (NXG) fell -2% (-$0.13), closed at $6.33. The largest increase in volume.

● BEACH ENERGY (BPT) largely rose 3.9% (+$0.055), closed at $1.455, a 55-day high.

● FLIGHT CENTRE TRAVEL GROUP (FLT) largely rebounded 3.9% (+$0.67), closed at $17.97, crossed above MA20 and MA200 ($17.73, $17.39).

● LIONTOWN RESOURCES (LTR) largely retreated -3.2% (-$0.055) after a 4-day winning streak, closed at $1.66, crossed below MA50 ($1.67). The worst performer with a slight increase in volume.

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