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ASX Market Update 2022-03-15

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SP/ASX 200 retreated -0.7% (-51.6 pts), closed at 7097 points, crossed below MA20 (7122 pts).

Among the 150 largest-cap stocks, 62 (41%) closed higher. Only 31% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -3.9% to 0.9%. 8 sectors outperformed the market. The market was down -1%; Financial was up 0.9%, the best performer; Basic Materials was down -3.9%, the worst performer.

● CONTACT ENERGY (CEN) soared 5.7% (+$0.42) after a 3-day losing streak, closed at $7.75, crossed above MA20, MA50 and MA200 ($7.55, $7.42, $7.51). The best performer with a huge increase in volume.

● YANCOAL AUSTRALIA (YAL) largely retreated -19.4% (-$1.01) after a 4-day winning streak, closed at $4.19, the worst % loss in more than 41 months. The worst performer with a significant increase in volume.

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