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ASX Market Update 2022-07-07

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SP/ASX 200 rose 0.8% (+53 pts), closed at 6648 points, crossed above MA20 (6632 pts).

Among the 150 largest-cap stocks, 87 (58%) closed higher. 58% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, 3 sectors closed down, 2 sectors remained unchanged, ranging from -0.5% to 2.1%. 3 sectors outperformed the market. The market was up 0.7%; Basic Materials was up 2.1%, the best performer; Industrials was down -0.5%, the worst performer.

● SOUTH32 (S32) largely rebounded 4.8% (+$0.17), closed at $3.7, the best % gain in more than 1 month. The best performer with a slight increase in volume.

● MINERAL RESOURCES (MIN) largely rebounded 4.5% (+$1.94) after a 6-day losing streak, closed at $44.83, the best % gain in 1 month.

● LYNAS RARE EARTHS (LYC) plummeted -6.2% (-$0.53), closed at $8, fell 3 days in a row, the worst % loss in 1 month, also hit a YTD low. The worst performer with the largest increase in volume.

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