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ASX Market Update 2022-11-10

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SP/ASX 200 fell -0.5% (-35 pts) after a 4-day winning streak, closed at 6964 points, crossed below MA200 (6997 pts).

Among the 150 largest-cap stocks, 37 (25%) closed higher. 38% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -4.2% to 0.7%. 6 sectors outperformed the market. The market was down -0.6%; Consumer Defensive, Healthcare were up 0.7%, the best performers, reflecting a more conservative market sentiment; Technology was down -4.2%, the worst performer.

● ORIGIN ENERGY (ORG) soared 34.8% (+$2.02), closed at $7.83, rose 3 days in a row, the best % gain in 191 months, also hit a YTD high, crossed above MA200 ($5.88). The best performer with the largest increase in volume.

● XERO (XRO) tanked -10.9% (-$7.88), closed at $64.74, the worst % loss in nearly 6 months, also hit a YTD low. The worst performer with a huge increase in volume.

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