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ASX Market Update 2022-10-10

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SP/ASX 200 fell -1.4% (-95.2 pts), closed at 6668 points, crossed below MA20 (6693 pts).

Among the 150 largest-cap stocks, 13 (9%) closed higher, 12 of them rose with a lower volume. Only 24% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.5% to -4.2%. 5 sectors outperformed the market. The market was down -1.6%; Consumer Defensive was down -0.5%, but already the best performer, reflecting a more risk-averse market; Technology was down -4.2%, the worst performer.

● SIMS (SGM) rebounded 2.2% (+$0.28), closed at $13.1. The best performer but with average volume.

● GQG PARTNERS (GQG) sank -7.1% (-$0.11), closed at $1.435, fell 3 days in a row, the worst % loss in more than 1 month, also a 57-day low, crossed below MA20 and MA200 ($1.54, $1.51). The worst performer with the largest increase in volume.

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