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ASX Market Update 2022-10-31

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SP/ASX 200 rose 1.1% (+77.5 pts), closed at 6864 points, a 32-day high, rose 6% (+390 pts) for the month.

Among the 150 largest-cap stocks, 122 (81%) closed higher, 98 of them rose with a lower volume. 60% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.4% to 3.1%. 7 sectors outperformed the market, the market internal was more positive. The market was up 1.2%; Technology was up 3.1%, the best performer, reflecting a more aggressive market sentiment; Energy was down -0.4%, but already the worst performer.

● MERCURY NZ (MCY) spiked 9.3% (+$0.46), closed at $5.43, rose 4 days in a row, the best % gain in 19 months, also a 28-day high, rose 10.1% (+$0.5) for the month, crossed above MA50 and MA200 ($5.11, $5.23). The best performer today with a slight decrease in volume.

● CHORUS (CNU) soared 6.7% (+$0.48), closed at $7.61, the best % gain in more than 8 months, also hit a YTD high, rose 15.5% (+$1.02) for the month. The largest increase in volume today.

● NEXTDC (NXT) plummeted -5.1% (-$0.45), closed at $8.32, the worst % loss in 2 months, also hit a YTD low, fell -5.7% (-$0.5) for the month. The worst performer today with a huge increase in volume.

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