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ASX Market Update 2022-05-16

360MiQ 0

SP/ASX 200 slightly rose 0.3% (+18 pts), closed at 7093 points.

Among the 150 largest-cap stocks, 90 (60%) closed higher, 78 of them rose with a lower volume. 57% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, the market internal was more positive, 2 sectors closed down, ranging from -0.3% to 2.6%. 5 sectors outperformed the market. The market was up 0.3%; Technology was up 2.6%, the best performer, reflecting an increasing risk appetite; Healthcare, Basic Materials were down -0.3%, but already the worst performers.

● GQG PARTNERS (GQG) largely retreated -4.2% (-$0.06), closed at $1.38, crossed below MA50 ($1.41). The worst performer but with average volume.

● BRAMBLES (BXB) soared 11.2% (+$1.17), closed at $11.6, the best % gain in 10 years, also hit a YTD high. The best performer with the largest increase in volume.

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