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ASX Market Update 2022-03-25

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SP/ASX 200 slightly rose 0.3% (+19.2 pts), closed at 7406 points, rose 4 days in a row, a 46-day high, rose 1.5% (+112 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 103 (69%) closed higher. 57% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -1.8% to 1.2%. 6 sectors outperformed the market. The market was up 0.1%; Basic Materials was up 1.2%, the best performer; Technology was down -1.8%, the worst performer.

● ADVANCED SHARE REGISTRY (ASW) largely retreated -4.1% (-$0.013), closed at $0.302, rose 4.1% (+$0.012) for the week, rose 3 weeks in a row. The worst performer today with a significant decrease in volume.

● CORONADO GLOBAL RESOURCES (CRN) jumped 9.5% (+$0.185), closed at $2.14, hit a YTD high, rose 8.4% (+$0.165) for the week. The best performer today with a slight increase in volume.

● MERIDIAN ENERGY (MEZ) largely retreated -3.9% (-$0.19), closed at $4.66, fell -3.5% (-$0.17) for the week, fell 2 weeks in a row, crossed below MA20 ($4.75). The largest increase in volume today.

● CONTACT ENERGY (CEN) largely retreated -3.8% (-$0.29), closed at $7.3, fell -3.2% (-$0.24) for the week, crossed below MA20, MA50 and MA200 ($7.55, $7.43, $7.53).

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