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ASX Market Update 2022-02-01

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SP/ASX 200 rose 0.5% (+34 pts), closed at 7006 points.

Among the 150 largest-cap stocks, 117 (78%) closed higher, 112 of them rose with a lower volume. 69% of all ASX stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.1% to 3.8%. 4 sectors outperformed the market. The market was up 0.9%; Technology was up 3.8%, the best performer, reflecting an increasing risk appetite; Basic Materials was down -0.1%, but already the worst performer.

● BRAINCHIP HOLDINGS (BRN) jumped 16.1% (+$0.23), closed at $1.655. The best performer but with average volume.

● BHP GROUP (BHP) largely fell -3.1% (-$1.42), closed at $44.93, crossed below MA20 ($45.36). The worst performer with a significant decrease in volume.

● MERCURY NZ (MCY) retreated -1.9% (-$0.1), closed at $5.15. The largest increase in volume.

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