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ASX Market Update 2022-06-08

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SP/ASX 200 rebounded 0.4% (+25.1 pts), closed at 7121 points.

Among the 150 largest-cap stocks, 106 (71%) closed higher. 50% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -2.4% to 4%. 8 sectors outperformed the market, the market internal was more positive. The market was up 0.5%; Energy was up 4%, the best performer; Financial was down -2.4%, the worst performer.

● ATLAS ARTERIA (ALX) soared 16.2% (+$1.15), closed at $8.25, the best % gain in more than 26 months, also hit a record high. The best performer with a huge increase in volume.

● BORAL (BLD) surged 14.7% (+$0.42), closed at $3.28, the best % gain in more than 26 months, crossed above MA20 ($3.05). The largest increase in volume.

● YANCOAL AUSTRALIA (YAL) jumped 7.8% (+$0.44), closed at $6.1, the best % gain in 3 months, also hit a YTD high, crossed above MA20 ($5.72).

● BENDIGO AND ADELAIDE BANK (BEN) tanked -7.2% (-$0.76), closed at $9.81, fell 3 days in a row, the worst % loss in more than 9 months, also a 58-day low, crossed below MA20 and MA50 ($10.45, $10.45). The worst performer with a huge increase in volume.

● WESTPAC BANKING (WBC) plunged -6.1% (-$1.43), closed at $21.98, fell 3 days in a row, the worst % loss in 7 months, also a 61-day low, crossed below MA200 ($22.71).

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