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ASX Market Update 2022-02-25

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SP/ASX 200 slightly rebounded 0.1% (+6.8 pts), closed at 6998 points, fell -3.1% (-224 pts) for the week after a 3-week winning streak.

Among the 150 largest-cap stocks, 88 (59%) closed higher. 63% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.8% to 3.5%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.2%; Technology was up 3.5%, the best performer; Consumer Defensive was down -0.8%, the worst performer.

● LIONTOWN RESOURCES (LTR) largely rebounded 10% (+$0.13), closed at $1.43, fell -8.3% (-$0.13) for the week after a 3-week winning streak. The best performer today but with average volume.

● GQG PARTNERS (GQG) largely rebounded 5.4% (+$0.075), closed at $1.475, fell -3.3% (-$0.05) for the week, fell 2 weeks in a row. The largest increase in volume today.

● YANCOAL AUSTRALIA (YAL) surged 7.4% (+$0.24), closed at $3.49, the best % gain in more than 1 month, also hit a YTD high, rose 4.5% (+$0.15) for the week, rose 4 weeks in a row.

● MAGELLAN FINANCIAL GROUP (MFG) plummeted -10.1% (-$2), closed at $17.78, fell -13.5% (-$2.78) for the week, crossed below MA20 and MA50 ($18.15, $19.42). The worst performer today with a significant increase in volume.

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