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ASX Market Update 2022-07-11

360MiQ 0

SP/ASX 200 fell -1.1% (-75.8 pts), closed at 6602 points, is testing MA20 (6598 pts).

Among the 150 largest-cap stocks, 28 (19%) closed higher. Only 31% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.1% to -2.7%. 7 sectors outperformed the market. The market was down -1.2%; Utilities was down -0.1%, but already the best performer, reflecting a more risk-averse market; Technology was down -2.7%, the worst performer.

● NETWEALTH GROUP (NWL) largely fell -2.6% (-$0.33) after a 3-day winning streak, closed at $12.3, crossed below MA50 ($12.35). The largest increase in volume.

● NEW HOPE (NHC) soared 4.7% (+$0.17), closed at $3.77, crossed above MA50 ($3.67). The best performer with a slight increase in volume.

● DOMINO’S PIZZA ENTERPRISES (DMP) sank -6.3% (-$4.73) after a 7-day winning streak, closed at $70.78, the worst % loss in more than 4 months. The worst performer with a slight increase in volume.

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