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ASX Market Update 2022-03-03

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SP/ASX 200 rose 0.5% (+34.4 pts), closed at 7151 points, rose 5 days in a row, is testing MA20 (7173 pts).

Among the 150 largest-cap stocks, 72 (48%) closed higher. 57% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -2% to 2.7%. only 2 sectors outperformed the market. The market was up 0.4%; Energy was up 2.7%, the best performer; Utilities was down -2%, the worst performer.

● MERIDIAN ENERGY (MEZ) largely retreated -5.3% (-$0.26) after a 4-day winning streak, closed at $4.69, crossed below MA200 ($4.7). The worst performer with a significant decrease in volume.

● YANCOAL AUSTRALIA (YAL) spiked 11% (+$0.47), closed at $4.75, rose 3 days in a row, hit a YTD high. The best performer with the largest increase in volume.

● WHITEHAVEN COAL (WHC) soared 10.6% (+$0.38), closed at $3.96, rose 7 days in a row, the best % gain in 15 months, also hit a YTD high.

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