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ASX Market Update 2022-09-29

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SP/ASX 200 rose 1.4% (+93 pts), closed at 6555 points.

Among the 150 largest-cap stocks, 130 (87%) closed higher. 70% of all ASX stocks ended higher, the most in 2 months, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -1% to 2.7%. 6 sectors outperformed the market. The market was up 1.5%; Energy was up 2.7%, the best performer; Utilities was down -1%, the worst performer.

● MERIDIAN ENERGY (MEZ) largely retreated -4.9% (-$0.22), closed at $4.24, the worst % loss in 1 month, also a 44-day low, crossed below MA200 ($4.35). The worst performer with a significant decrease in volume.

● PREMIER INVESTMENTS (PMV) soared 14.6% (+$3.02), closed at $23.69, rose 3 days in a row, the best % gain in more than 2.5 years, also a 102-day high, crossed above MA20 and MA50 ($21.53, $21.35). The best performer with the largest increase in volume.

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