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ASX Market Update 2022-02-10

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SP/ASX 200 slightly rose 0.3% (+20.5 pts), closed at 7289 points, rose 3 days in a row, is testing MA50 (7294 pts).

Among the 150 largest-cap stocks, 72 (48%) closed higher. 58% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -0.6% to 4.9%. 3 sectors outperformed the market. The market was up 0.5%; Technology was up 4.9%, the best performer, reflecting a more aggressive market sentiment; Industrials, Consumer Defensive, Communication were down -0.6%, the worst performers.

● AMP (AMP) spiked 5.9% (+$0.06), closed at $1.07, rose 3 days in a row, the best % gain in more than 1 month, also hit a YTD high, crossed above MA200 ($1.06). The largest increase in volume.

● NEXGEN ENERGY (CANADA) (NXG) surged 10.2% (+$0.64), closed at $6.9, rose 3 days in a row, the best % gain in 5 months, also hit a YTD high, crossed above MA50 ($6.28). The best performer with a huge increase in volume.

● CIMIC GROUP (CIM) largely retreated -7.1% (-$1.22), closed at $15.89, the worst % loss in more than 1 month, also hit a YTD low, crossed below MA20 ($16.78). The worst performer with a huge increase in volume.

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