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ASX Market Update 2022-11-01

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SP/ASX 200 largely rose 1.6% (+113 pts), closed at 6977 points, a 33-day high.

Among the 150 largest-cap stocks, 125 (83%) closed higher. 61% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.5% to 2.5%. 3 sectors outperformed the market. The market was up 1.5%; Basic Materials was up 2.5%, the best performer; Technology was up 0.5%, but already the worst performer.

● CHORUS (CNU) largely retreated -3.5% (-$0.27), closed at $7.34, the worst % loss in nearly 19 months. The worst performer with a significant decrease in volume.

● CONTACT ENERGY (CEN) surged 8% (+$0.53), closed at $7.13, the best % gain in nearly 4 months, also a 31-day high, crossed above MA50 and MA200 ($6.73, $6.88). The best performer with a huge increase in volume.

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