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ASX Market Update 2022-03-10

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SP/ASX 200 rose 1.1% (+77.8 pts), closed at 7131 points, the best % gain in 1 month, is testing MA20 (7139 pts).

Among the 150 largest-cap stocks, 115 (77%) closed higher. 64% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -1.5% to 4.6%. 7 sectors outperformed the market, the market internal was more positive. The market was up 1.2%; Technology was up 4.6%, the best performer, reflecting a more aggressive market sentiment; Energy, Basic Materials were down -1.5%, the worst performers.

● NEXGEN ENERGY (CANADA) (NXG) soared 9.4% (+$0.67), closed at $7.79, hit a YTD high. The best performer with the largest increase in volume.

● NICKEL MINES (NIC) sank -13.2% (-$0.185), closed at $1.22, fell 3 days in a row, hit a YTD low. The worst performer with a significant increase in volume.

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