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ASX Market Update 2022-04-08

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SP/ASX 200 rose 0.5% (+35 pts), closed at 7478 points, fell -0.2% (-16 pts) for the week after a 3-week winning streak.

Among the 150 largest-cap stocks, 91 (61%) 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 -0.9% to 1.2%. 4 sectors outperformed the market. The market was up 0.4%; Basic Materials was up 1.2%, the best performer; Technology was down -0.9%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) largely rebounded 7.9% (+$0.58), closed at $7.88, rose 3.7% (+$0.28) for the week, crossed above MA20 ($7.68). The best performer today with a significant decrease in volume.

● MERCURY NZ (MCY) largely retreated -3.6% (-$0.21), closed at $5.63, rose 0.7% (+$0.04) for the week, rose 2 weeks in a row, crossed below MA200 ($5.82). The worst performer today with a significant decrease in volume.

● ZIMPLATS (ZIM) surged 6.4% (+$1.87), closed at $30.87, hit a record high, rose 7.9% (+$2.25) for the week, rose 6 weeks in a row. The largest increase in volume today.

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