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ASX Market Update 2022-10-21

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SP/ASX 200 fell -0.8% (-54.2 pts), closed at 6677 points, fell -1.2% (-82 pts) for the week, fell 2 weeks in a row.

Among the 150 largest-cap stocks, 48 (32%) closed higher. 40% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -1.5% to 1.7%. 6 sectors outperformed the market. The market was down -0.6%; Energy was up 1.7%, the best performer; Real Estate was down -1.5%, the worst performer.

● ORIGIN ENERGY (ORG) tanked -4.3% (-$0.24), closed at $5.28, fell 3 days in a row, fell -8% (-$0.46) for the week, fell 2 weeks in a row, crossed below MA20 ($5.49). The worst performer today but with average volume.

● NEW HOPE (NHC) surged 7.7% (+$0.53), closed at $7.42, the best % gain in 1 month, also hit a record high, rose 8.2% (+$0.56) for the week, rose 3 weeks in a row. The best performer today with a slight increase in volume.

● NETWEALTH GROUP (NWL) largely fell -3.9% (-$0.46), closed at $11.43, fell 3 days in a row, an 84-day low, fell -7.2% (-$0.89) for the week, fell 2 weeks in a row.

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