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ASX Market Update 2022-03-23

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SP/ASX 200 rose 0.5% (+36.9 pts), closed at 7378 points, a 44-day high.

Among the 150 largest-cap stocks, 95 (63%) closed higher, 91 of them rose with a lower volume. 61% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.3% to 5.2%. 3 sectors outperformed the market. The market was up 0.7%; Technology was up 5.2%, the best performer, reflecting an increasing risk appetite; Healthcare was down -0.3%, but already the worst performer.

● UNITI GROUP (UWL) spiked 10.7% (+$0.45), closed at $4.67, rose 5 days in a row, hit a record high. The best performer with a significant increase in volume.

● FISHER & PAYKEL HEALTHCARE (FPH) tumbled -7.9% (-$2.03), closed at $23.73, the worst % loss in more than 16 months, also hit a YTD low, crossed below MA20 ($25.44). The worst performer with the largest increase in volume.

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