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ASX Market Update 2022-10-17

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SP/ASX 200 retreated -1.4% (-94.6 pts), closed at 6664 points.

Among the 150 largest-cap stocks, 31 (21%) closed higher. Only 31% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.1% to -2.6%. 7 sectors outperformed the market. The market was down -1.4%; Communication was down -0.1%, but already the best performer; Technology was down -2.6%, the worst performer.

● NEWS (NWS) largely rose 3.6% (+$0.94), closed at $26.84, a 41-day high. The largest increase in volume.

● LIONTOWN RESOURCES (LTR) jumped 4.9% (+$0.08), closed at $1.715, a 20-day high, crossed above MA50 ($1.66). The best performer with a significant increase in volume.

● BLOCK (SQ2) tumbled -6.3% (-$5.67), closed at $83.93, an 84-day low. The worst performer with a slight increase in volume.

● BORAL (BLD) largely retreated -5.9% (-$0.16), closed at $2.56, the worst % loss in more than 8 months.

● MERCURY NZ (MCY) largely retreated -5.4% (-$0.26), closed at $4.59, the worst % loss in 2 months, also hit a YTD low.

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