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ASX Market Update 2022-02-07

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SP/ASX 200 slightly fell -0.1% (-9.2 pts), closed at 7111 points.

Among the 150 largest-cap stocks, 63 (42%) closed higher. 50% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 7 sectors closed down, 2 sectors remained unchanged, the market internal was more negative, ranging from -1.5% to 1.7%. 3 sectors outperformed the market. The market remained unchanged; Energy was up 1.7%, the best performer; Real Estate was down -1.5%, the worst performer.

● PEXA GROUP (PXA) fell -1.4% (-$0.27), closed at $18.9. The largest increase in volume.

● FLIGHT CENTRE TRAVEL GROUP (FLT) surged 7.8% (+$1.37), closed at $18.94, the best % gain in 4 months, also hit a YTD high. The best performer with a huge increase in volume.

● CORPORATE TRAVEL MANAGEMENT (CTD) jumped 7% (+$1.44), closed at $22.02, the best % gain in nearly 11 months, crossed above MA20, MA50 and MA200 ($21.33, $21.88, $21.83).

● MAGELLAN FINANCIAL GROUP (MFG) sank -11.2% (-$2.08), closed at $16.43, the worst % loss in more than 1 month, also hit a YTD low. The worst performer with a huge increase in volume.

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