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ASX Market Update 2022-01-31

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SP/ASX 200 slightly retreated -0.2% (-16.4 pts), closed at 6972 points, fell -6.4% (-473 pts) for the month.

Among the 150 largest-cap stocks, 99 (66%) closed higher, 92 of them rose with a lower volume. 65% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -1.5% to 5.1%. 8 sectors outperformed the market, the market internal was more positive. The market was up 0.4%; Technology was up 5.1%, the best performer, reflecting a more aggressive market sentiment; Financial was down -1.5%, the worst performer.

● GENESIS ENERGY (GNE) surged 8.2% (+$0.21), closed at $2.77, rose 3 days in a row, the best % gain in 22 months, rose 1.5% (+$0.04) for the month, crossed above MA20 and MA50 ($2.7, $2.77). The best performer today with a slight increase in volume.

● ARB (ARB) jumped 7.9% (+$3.38), closed at $46.15, the best % gain in 22 months, fell -12.1% (-$6.36) for the month.

● ANSELL (ANN) plunged -14.3% (-$4.48), closed at $26.76, the worst % loss in more than 71 months, also a 464-day low, fell -15.1% (-$4.75) for the month. The worst performer today with the largest increase in volume.

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