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ASX Market Update 2022-11-28

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SP/ASX 200 fell -0.4% (-30.9 pts), closed at 7229 points.

Among the 150 largest-cap stocks, 65 (43%) closed higher. 40% of all ASX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -1.9% to 0.8%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.4%; Communication was up 0.8%, the best performer; Utilities was down -1.9%, the worst performer.

● NEW HOPE (NHC) jumped 5.4% (+$0.29), closed at $5.68, crossed above MA20 ($5.62). The best performer with a slight decrease in volume.

● BANK OF QUEENSLAND (BOQ) largely retreated -5.6% (-$0.42) after a 5-day winning streak, closed at $7.14, the worst % loss in more than 7 months, also a 33-day low, crossed below MA20 and MA200 ($7.32, $7.19). The largest increase in volume.

● LIONTOWN RESOURCES (LTR) plunged -7.5% (-$0.15), closed at $1.85, the worst % loss in 5 months, crossed below MA20 ($1.98). The worst performer with a significant increase in volume.

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