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ASX Market Update 2022-03-18

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SP/ASX 200 rose 0.6% (+43.4 pts), closed at 7294 points, rose 3 days in a row, a 20-day high, rose 3.3% (+230 pts) for the week.

Among the 150 largest-cap stocks, 90 (60%) closed higher. 59% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 3 sectors closed down, 1 sector remained unchanged, ranging from -0.6% to 4.1%. 4 sectors outperformed the market. The market was up 0.8%; Technology was up 4.1%, the best performer, reflecting a more aggressive market sentiment; Consumer Cyclical was down -0.6%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) plunged -5.3% (-$0.41), closed at $7.38, fell -6.2% (-$0.49) for the week after a 2-week winning streak. The worst performer today with a significant decrease in volume.

● AVZ MINERALS (AVZ) spiked 8.3% (+$0.07), closed at $0.915, rose 2.2% (+$0.02) for the week.

● CORONADO GLOBAL RESOURCES (CRN) largely rebounded 8.5% (+$0.155), closed at $1.975, fell -1.7% (-$0.035) for the week after a 3-week winning streak. The best performer today with a significant increase in volume.

● LIONTOWN RESOURCES (LTR) jumped 7.8% (+$0.12), closed at $1.66, a 39-day high, rose 3.4% (+$0.055) for the week, rose 3 weeks in a row.

● UNIBAIL-RODAMCO-WESTFIELD (URW) largely retreated -4.1% (-$0.2), closed at $4.66, rose 6.4% (+$0.28) for the week after a 3-week losing streak, crossed below MA20 ($4.81). The largest increase in volume today.

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