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ASX Market Update 2022-10-27

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SP/ASX 200 rose 0.5% (+34.1 pts), closed at 6845 points, rose 4 days in a row, a 30-day high.

Among the 150 largest-cap stocks, 95 (63%) closed higher. 55% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.4% to 2.1%. 4 sectors outperformed the market. The market was up 0.5%; Energy was up 2.1%, the best performer; Financial, Communication were down -0.4%, but already the worst performers.

● PERSEUS MINING (PRU) jumped 5.6% (+$0.1), closed at $1.885, a 98-day high. The best performer with a slight increase in volume.

● LYNAS RARE EARTHS (LYC) soared 5.6% (+$0.44), closed at $8.34, rose 4 days in a row, a 29-day high, crossed above MA50 ($8.18).

● ILUKA RESOURCES (ILU) largely retreated -6.3% (-$0.59), closed at $8.76, the worst % loss in more than 3 months, also a 69-day low. The worst performer with a huge increase in volume.

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