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ASX Market Update 2022-03-11

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SP/ASX 200 retreated -0.9% (-67.4 pts), closed at 7064 points, fell -0.7% (-47 pts) for the week.

Among the 150 largest-cap stocks, 37 (25%) closed higher, 30 of them rose with a lower volume. 41% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -3.3% to 0.6%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.9%; Utilities was up 0.6%, the best performer, reflecting a decreasing risk appetite; Technology was down -3.3%, the worst performer.

● AVZ MINERALS (AVZ) spiked 7.2% (+$0.06), closed at $0.895, rose 3 days in a row, fell -2.2% (-$0.02) for the week. The best performer today with a slight decrease in volume.

● PRO MEDICUS (PME) plummeted -6.6% (-$3.01) after a 3-day winning streak, closed at $42.82, the worst % loss in 2 months, also a 30-day low, fell -7.3% (-$3.35) for the week after a 2-week winning streak, crossed below MA20 ($45.34). The worst performer today with a slight increase in volume.

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