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ASX Market Update 2022-07-08

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SP/ASX 200 rose 0.5% (+30 pts), closed at 6678 points, rose 2.1% (+138 pts) for the week.

Among the 150 largest-cap stocks, 106 (71%) closed higher. 72% of all ASX stocks ended higher, the most in more than 9 months, good for the market.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.6% to 2.4%. 4 sectors outperformed the market. The market was up 0.6%; Energy was up 2.4%, the best performer; Utilities was down -0.6%, the worst performer.

● SSR MINING (SSR) rose 1.1% (+$0.27), closed at $23.97, rose 0.4% (+$0.09) for the week after a 2-week losing streak. The largest increase in volume today.

● NEXGEN ENERGY (CANADA) (NXG) jumped 10.5% (+$0.56), closed at $5.88, rose 12% (+$0.63) for the week after a 4-week losing streak, crossed above MA20 ($5.63). The best performer today with a huge increase in volume.

● ORORA (ORA) plummeted -5.9% (-$0.21), closed at $3.33, the worst % loss in more than 27 months, also a 98-day low, fell -8.3% (-$0.3) for the week, fell 2 weeks in a row, crossed below MA200 ($3.49). The worst performer today with a significant increase in volume.

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