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ASX Market Update 2022-09-20

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SP/ASX 200 rose 1.3% (+86.4 pts), closed at 6806 points.

Among the 150 largest-cap stocks, 102 (68%) closed higher, 97 of them rose with a lower volume. 58% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -1.1% to 2.4%. only 2 sectors outperformed the market. The market was up 1%; Basic Materials was up 2.4%, the best performer; Utilities was down -1.1%, the worst performer.

● NEW HOPE (NHC) largely rebounded 8.8% (+$0.48), closed at $5.94, the best % gain in nearly 22 months, also hit a record high. The best performer with a significant increase in volume.

● ZIMPLATS (ZIM) plummeted -6.2% (-$1.52), closed at $23, the worst % loss in more than 2 months. The worst performer with the largest increase in volume.

● GQG PARTNERS (GQG) plunged -5.3% (-$0.085), closed at $1.515, crossed below MA20, MA50 and MA200 ($1.58, $1.54, $1.53).

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