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ASX Market Update 2022-02-02

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SP/ASX 200 rose 1.2% (+81.7 pts), closed at 7088 points.

Among the 150 largest-cap stocks, 128 (85%) closed higher, 122 of them rose with a lower volume. 65% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -2.3% to 2.2%. 3 sectors outperformed the market. The market was up 1%; Energy was up 2.2%, the best performer; Technology was down -2.3%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) jumped 7.5% (+$0.43), closed at $6.14, rose 4 days in a row, the best % gain in more than 3 months, crossed above MA20 ($6.04). The best performer with a significant decrease in volume.

● KIRKLAND LAKE GOLD (KLA) retreated -1.3% (-$0.69), closed at $52.69. The largest increase in volume.

● BLOCK (SQ2) largely retreated -5.6% (-$9.65), closed at $161.55. The worst performer with a huge increase in volume.

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