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ASX Market Update 2022-04-06

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SP/ASX 200 fell -0.5% (-37.9 pts), closed at 7490 points.

Among the 150 largest-cap stocks, 46 (31%) closed higher. 34% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -4.7% to 0.5%. 7 sectors outperformed the market. The market was down -0.8%; Financial was up 0.5%, the best performer; Technology was down -4.7%, the worst performer.

● NOVONIX (NVX) largely retreated -6.9% (-$0.5) after a 6-day winning streak, closed at $6.76, the worst % loss in more than 1 month. The worst performer with a slight decrease in volume.

● CONTACT ENERGY (CEN) fell -1.6% (-$0.12), closed at $7.24, a 27-day low. The largest increase in volume.

● NEW HOPE (NHC) soared 6.9% (+$0.24), closed at $3.71, hit a YTD high. The best performer with a significant increase in volume.

● AVZ MINERALS (AVZ) sank -6.5% (-$0.08), closed at $1.145.

● LYNAS RARE EARTHS (LYC) tanked -6% (-$0.64), closed at $10.1, crossed below MA20 ($10.38).

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