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ASX Market Update 2022-01-14

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SP/ASX 200 fell -1.1% (-80.1 pts), closed at 7394 points, fell -0.8% (-59 pts) for the week after a 3-week winning streak, crossed below MA20 (7416 pts).

Among the 150 largest-cap stocks, 35 (23%) closed higher. 41% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.3% to -3.3%. 6 sectors outperformed the market. The market was down -0.9%; Basic Materials was down -0.3%, but already the best performer; Technology was down -3.3%, the worst performer.

● RESMED (RMD) largely rose 3.6% (+$1.2), closed at $34.79, rose 3 days in a row, the best % gain in nearly 2 months, rose 2.7% (+$0.9) for the week after a 2-week losing streak. The best performer today with a slight increase in volume.

● AFTERPAY (APT) tumbled -9.2% (-$6.96), closed at $69.03, a 367-day low, fell -6.7% (-$4.97) for the week, fell 3 weeks in a row. The worst performer today with a slight increase in volume.

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