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ASX Market Update 2022-01-24

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SP/ASX 200 fell -0.5% (-36.5 pts), closed at 7140 points, a 167-day low.

Among the 150 largest-cap stocks, 45 (30%) closed higher. Only 16% of all ASX stocks ended higher, the least for more than 19 months.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -1.6% to 1.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.8%; Real Estate was up 1.2%, the best performer; Basic Materials was down -1.6%, the worst performer.

● UNITI GROUP (UWL) largely rebounded 9.3% (+$0.35) after a 4-day losing streak, closed at $4.12, the best % gain in 13 months. The best performer with the largest increase in volume.

● LIONTOWN RESOURCES (LTR) plunged -6.8% (-$0.11), closed at $1.51. The worst performer with a significant increase in volume.

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