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ASX Market Update 2022-06-02

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SP/ASX 200 fell -0.8% (-58.1 pts), closed at 7176 points.

Among the 150 largest-cap stocks, 36 (24%) closed higher. Only 31% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -3.4% to 0.9%. 5 sectors outperformed the market, the market internal was more negative. The market was down -1%; Energy was up 0.9%, the best performer; Technology was down -3.4%, the worst performer.

● IGO (IGO) largely rebounded 3.9% (+$0.44), closed at $11.6, crossed above MA20 ($11.54). The best performer with a slight decrease in volume.

● CARSALES.COM (CAR) tumbled -5.6% (-$1.15) after a 5-day winning streak, closed at $19.36, the worst % loss in more than 1 year, crossed below MA20 and MA50 ($19.51, $20.08). The worst performer but with average volume.

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