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ASX Market Update 2022-02-09

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SP/ASX 200 rose 1.1% (+81.1 pts), closed at 7268 points, crossed above MA20 (7187 pts).

Among the 150 largest-cap stocks, 129 (86%) closed higher. 64% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.4% to 2.4%. 6 sectors outperformed the market. The market was up 1.1%; Financial was up 2.4%, the best performer; Basic Materials was down -0.4%, but already the worst performer.

● SSR MINING (SSR) largely rose 3.8% (+$0.9), closed at $24.6, hit a YTD high, crossed above MA50 ($23.88). The largest increase in volume.

● COMPUTERSHARE (CPU) largely rebounded 11.2% (+$2.24), closed at $22.17, the best % gain in nearly 63 months, also hit a record high, crossed above MA20 ($20.27). The best performer with a huge increase in volume.

● MINERAL RESOURCES (MIN) plummeted -8.9% (-$5.16), closed at $52.72, the worst % loss in more than 16 months, also hit a YTD low, crossed below MA50 ($54.58). The worst performer with a huge increase in volume.

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