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ASX Market Update 2022-01-27

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SP/ASX 200 largely fell -1.8% (-124 pts), closed at 6838 points, fell 4 days in a row, a 207-day low.

Among the 150 largest-cap stocks, 33 (22%) closed higher. Only 27% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -5.5% to 1.4%. 4 sectors outperformed the market, the market internal was more negative. The market was down -1.8%; Energy was up 1.4%, the best performer; Technology was down -5.5%, the worst performer.

● EBOS GROUP (EBO) rebounded 2.4% (+$0.84), closed at $36.2. The largest increase in volume.

● BEACH ENERGY (BPT) largely rebounded 8.8% (+$0.115) after a 4-day losing streak, closed at $1.42, the best % gain in nearly 4 months, crossed above MA20 ($1.36). The best performer with a significant increase in volume.

● EVOLUTION MINING (EVN) plummeted -11.3% (-$0.44), closed at $3.46, fell 4 days in a row, the worst % loss in more than 22 months, also an 82-day low. The worst performer with a huge increase in volume.

● WISETECH GLOBAL (WTC) plummeted -9.8% (-$4.73), closed at $43.31, the worst % loss in 21 months, also a 107-day low.

● IDP EDUCATION (IEL) plummeted -7.7% (-$2.31), closed at $27.54, fell 4 days in a row, the worst % loss in 22 months, also a 109-day low.

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