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ASX Market Update 2022-08-19

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SP/ASX 200 slightly rose 0.02% (+1.5 pts), closed at 7115 points, rose 1.2% (+82 pts) for the week, rose 5 weeks in a row.

Among the 150 largest-cap stocks, 78 (52%) closed higher. 52% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 6 sectors closed down, 2 sectors remained unchanged, ranging from -1.3% to 3.6%. 4 sectors outperformed the market. The market remained unchanged; Energy was up 3.6%, the best performer; Utilities was down -1.3%, the worst performer.

● YANCOAL AUSTRALIA (YAL) largely rebounded 6.2% (+$0.33), closed at $5.69, the best % gain in 1 month, rose 9% (+$0.47) for the week, rose 2 weeks in a row.

● SANTOS (STO) soared 6.4% (+$0.45), closed at $7.52, the best % gain in nearly 1.5 years, also a 36-day high, rose 4.7% (+$0.34) for the week, rose 2 weeks in a row, crossed above MA20, MA50 and MA200 ($7.13, $7.28, $7.31). The best performer today with a slight increase in volume.

● WHITEHAVEN COAL (WHC) surged 6.2% (+$0.43), closed at $7.36, rose 4 days in a row, hit a record high, rose 11.2% (+$0.74) for the week, rose 2 weeks in a row.

● TPG TELECOM (TPG) sank -12.4% (-$0.82), closed at $5.8, the worst % loss in more than 39 months, also a 42-day low, fell -12.5% (-$0.83) for the week after a 4-week winning streak, crossed below MA20, MA50 and MA200 ($6.41, $6.15, $5.99). The worst performer today with the largest increase in volume.

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