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ASX Market Update 2022-07-18

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SP/ASX 200 rose 1.2% (+81.1 pts), closed at 6687 points.

Among the 150 largest-cap stocks, 114 (76%) closed higher, 97 of them rose with a lower volume. 66% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.3% to 4.1%. 4 sectors outperformed the market. The market was up 1.4%; Technology was up 4.1%, the best performer, reflecting a more aggressive market sentiment; Healthcare was down -0.3%, but already the worst performer.

● ZIMPLATS (ZIM) largely retreated -5.3% (-$1.29) after a 4-day winning streak, closed at $23.1, crossed below MA20 ($23.89). The worst performer but with average volume.

● MERCURY NZ (MCY) largely rebounded 3.8% (+$0.2), closed at $5.46, a 36-day high. The largest increase in volume.

● WISETECH GLOBAL (WTC) surged 7.2% (+$3.16), closed at $47.29, rose 5 days in a row, a 64-day high. The best performer with a slight increase in volume.

● SUNCORP GROUP (SUN) soared 6.1% (+$0.68) after a 4-day losing streak, closed at $11.78, the best % gain in 11 months, also a 33-day high, crossed above MA50 and MA200 ($11.3, $11.23).

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