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ASX Market Update 2022-02-03

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SP/ASX 200 slightly retreated -0.1% (-10 pts), closed at 7078 points.

Among the 150 largest-cap stocks, 43 (29%) closed higher, 37 of them rose with a lower volume. 37% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -7.1% to 1.6%. 7 sectors outperformed the market. The market was down -0.6%; Utilities was up 1.6%, the best performer, reflecting a more conservative market sentiment; Technology plummeted -7.1%, the worst performer.

● MERCURY NZ (MCY) spiked 5.2% (+$0.27), closed at $5.42, the best % gain in more than 1 month. The best performer with a slight increase in volume.

● GENESIS ENERGY (GNE) largely rebounded 4.6% (+$0.12), closed at $2.71, crossed above MA20 ($2.69). The largest increase in volume.

● NOVONIX (NVX) plunged -14.7% (-$1.13) after a 4-day winning streak, closed at $6.57, the worst % loss in 2 months, also hit a YTD low. The worst performer with a slight increase in volume.

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