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ASX Market Update 2022-04-22

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SP/ASX 200 largely fell -1.6% (-120 pts) after a 5-day winning streak, closed at 7473 points, the worst % loss in nearly 2 months, fell -0.7% (-50 pts) for the week, crossed below MA20 (7489 pts).

Among the 150 largest-cap stocks, 27 (18%) closed higher. Only 30% of all ASX stocks ended higher, the least for more than 1 month.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -4.1% to 0.1%. 7 sectors outperformed the market. The market was down -1.6%; Healthcare was up 0.1%, but already the best performer; Technology was down -4.1%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) plunged -10.9% (-$0.9), closed at $7.35, the worst % loss in nearly 2 months, fell -17.4% (-$1.55) for the week after a 2-week winning streak, crossed below MA20 ($7.88). The worst performer today with the largest increase in volume.

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