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ASX Market Update 2022-08-12

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SP/ASX 200 retreated -0.5% (-38.5 pts), closed at 7033 points, rose 0.2% (+17 pts) for the week, rose 4 weeks in a row.

Among the 150 largest-cap stocks, 44 (29%) closed higher. 40% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -2.9% to 1.7%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.6%; Energy was up 1.7%, the best performer; Technology was down -2.9%, the worst performer.

● CONTACT ENERGY (CEN) largely rebounded 3.2% (+$0.22) after a 4-day losing streak, closed at $7, a 47-day high, rose 0.4% (+$0.03) for the week, rose 3 weeks in a row, crossed above MA20 ($6.81). The largest increase in volume today.

● WOODSIDE ENERGY GROUP (WDS) largely rose 3.7% (+$1.18), closed at $32.77, the best % gain in 1 month, rose 5.3% (+$1.66) for the week, crossed above MA20 and MA50 ($31.83, $31.82). The best performer today with a slight increase in volume.

● DOMINO’S PIZZA ENTERPRISES (DMP) largely retreated -6% (-$4.43), closed at $69.31, the worst % loss in 1 month, fell -3.5% (-$2.55) for the week, fell 2 weeks in a row, crossed below MA20 ($71.34). The worst performer today with a significant increase in volume.

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