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ASX Market Update 2022-09-08

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SP/ASX 200 largely rebounded 1.8% (+120 pts), closed at 6849 points, the best % gain in more than 2 months, is testing MA50 (6868 pts).

Among the 150 largest-cap stocks, 130 (87%) closed higher. 68% of all ASX stocks ended higher, good for the market.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -2% to 3.3%. 6 sectors outperformed the market. The market was up 1.8%; Technology was up 3.3%, the best performer, reflecting a more aggressive market sentiment; Energy was down -2%, the worst performer.

● MEDIBANK PRIVATE LIMITED (MPL) fell -1.7% (-$0.06), closed at $3.5. The largest increase in volume.

● SAYONA MINING (SYA) soared 12.7% (+$0.035), closed at $0.31, rose 3 days in a row, the best % gain in 1 month, also a 90-day high. The best performer with a huge increase in volume.

● WOODSIDE ENERGY GROUP (WDS) plunged -5.5% (-$1.87), closed at $32.1, the worst % loss in 2 months, crossed below MA20 and MA50 ($33.83, $32.38). The worst performer with a significant increase in volume.

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