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ASX Market Update 2022-05-05

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SP/ASX 200 rose 0.8% (+59.7 pts) after a 3-day losing streak, closed at 7365 points, crossed above MA50 and MA200 (7312 pts, 7352 pts).

Among the 150 largest-cap stocks, 119 (79%) closed higher. 68% of all ASX stocks ended higher, the most in 3 months, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 2.3%. 5 sectors outperformed the market. The market was up 1%; Energy was up 2.3%, the best performer; Financial remained unchanged, but already the worst performer.

● SSR MINING (SSR) largely rose 2.6% (+$0.80), closed at $32. The largest increase in volume.

● LIONTOWN RESOURCES (LTR) largely rebounded 7.7% (+$0.105) after a 3-day losing streak, closed at $1.465, the best % gain in 1 month, crossed above MA200 ($1.46). The best performer with a slight increase in volume.

● YANCOAL AUSTRALIA (YAL) jumped 7.4% (+$0.39), closed at $5.66, hit a YTD high.

● JANUS HENDERSON GROUP (JHG) plummeted -13% (-$5.66), closed at $37.76, the worst % loss in 70 months, also hit a YTD low. The worst performer with a huge increase in volume.

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