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ASX Market Update 2022-01-04

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SP/ASX 200 largely rose 1.9% (+145 pts), closed at 7590 points, the best % gain in nearly 15 months, also a 98-day high.

Among the 150 largest-cap stocks, 132 (88%) closed higher. 63% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.1% to 3.6%. 3 sectors outperformed the market. The market was up 1.8%; Energy was up 3.6%, the best performer; Utilities was up 0.1%, but already the worst performer.

NOVONIX LIMITED (NVX) largely rebounded 14.5% (+$1.33), closed at $10.52, the best % gain in 4 months. The best performer with a significant increase in volume.

YANCOAL AUSTRALIA LIMITED (YAL) largely rebounded 7.7% (+$0.2), closed at $2.8, the best % gain in nearly 3 months, also a 24-day high, crossed above MA50 ($2.67). The largest increase in volume.

CHALICE MINING LIMITED (CHN) tumbled -7.1% (-$1) after a 5-day winning streak, closed at $8.92, the worst % loss in more than 3 months, is testing MA20 ($8.92). The worst performer with a slight increase in volume.

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