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ASX Market Update 2022-02-17

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SP/ASX 200 slightly rose 0.2% (+11.2 pts), closed at 7296 points, crossed above MA50 (7295 pts).

Among the 150 largest-cap stocks, 71 (47%) closed higher. 46% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -4.4% to 1.9%. 8 sectors outperformed the market. The market was down -0.1%; Healthcare was up 1.9%, the best performer; Technology was down -4.4%, the worst performer.

● CHALLENGER (CGF) surged 6.6% (+$0.42), closed at $6.74, rose 3 days in a row, the best % gain in more than 7 months, also a 29-day high, crossed above MA50 ($6.36). The best performer with a huge increase in volume.

● CSL (CSL) spiked 5% (+$13.31), closed at $277, a 21-day high, crossed above MA50 ($275.89).

● WESFARMERS (WES) sank -7.5% (-$4.11) after a 3-day winning streak, closed at $50.81, the worst % loss in nearly 23 months, crossed below MA20 ($53.1). The worst performer with a huge increase in volume.

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