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ASX Market Update 2022-05-17

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SP/ASX 200 slightly rose 0.3% (+19.5 pts), closed at 7113 points, rose 3 days in a row.

Among the 150 largest-cap stocks, 86 (57%) closed higher. 53% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -2.1% to 2.1%. 4 sectors outperformed the market. The market was up 0.2%; Energy was up 2.1%, the best performer; Technology was down -2.1%, the worst performer.

● LYNAS RARE EARTHS (LYC) spiked 6.6% (+$0.58), closed at $9.42, rose 3 days in a row, the best % gain in more than 2 months, crossed above MA20 ($9). The best performer but with average volume.

● AGL ENERGY (AGL) rose 2.3% (+$0.19), closed at $8.62, rose 4 days in a row, the best % gain in more than 1 month, crossed above MA20 ($8.44). The largest increase in volume.

● BEACH ENERGY (BPT) jumped 6.1% (+$0.1), closed at $1.735, the best % gain in more than 2 months, also a 47-day high, crossed above MA20 ($1.65).

● BRAMBLES (BXB) largely retreated -7.6% (-$0.88), closed at $10.72, the worst % loss in 8 months. The worst performer with a slight increase in volume.

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