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ASX Market Update 2022-05-24

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SP/ASX 200 slightly fell -0.3% (-20.2 pts), closed at 7129 points.

Among the 150 largest-cap stocks, 46 (31%) closed higher. 35% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -6.2% to 0.3%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.9%; Real Estate was up 0.3%, but already the best performer; Consumer Cyclical sank -6.2%, the worst performer.

● ALLKEM (AKE) largely rose 3.7% (+$0.48), closed at $13.46, a 23-day high. The best performer but with average volume.

● FLETCHER BUILDING (FBU) fell -1.9% (-$0.1), closed at $5.06, hit a YTD low. The largest increase in volume.

● BLOCK (SQ2) sank -7.3% (-$9.05), closed at $115.56. The worst performer with a slight increase in volume.

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