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ASX Market Update 2022-02-15

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SP/ASX 200 fell -0.5% (-37.1 pts), closed at 7207 points.

Among the 150 largest-cap stocks, 56 (37%) closed higher. Only 30% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 7 sectors closed down, ranging from -2.7% to 2.1%. 6 sectors outperformed the market. The market was down -0.6%; Technology was up 2.1%, the best performer, reflecting an increasing risk appetite; Energy was down -2.7%, the worst performer.

● GQG PARTNERS (GQG) plunged -16% (-$0.29), closed at $1.52, hit a record low, crossed below MA20 ($1.79). The worst performer with a slight decrease in volume.

● SIMS (SGM) spiked 13.7% (+$2.05) after a 3-day losing streak, closed at $17.04, the best % gain in more than 13 years, also hit a YTD high, crossed above MA20, MA50 and MA200 ($15.07, $15.37, $15.02). The best performer with the largest increase in volume.

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