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ASX Market Update 2022-03-29

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SP/ASX 200 rose 0.7% (+52.3 pts), closed at 7464 points, rose 6 days in a row, a 51-day high.

Among the 150 largest-cap stocks, 103 (69%) closed higher. 62% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.8% to 4.9%. 6 sectors outperformed the market. The market was up 0.9%; Technology was up 4.9%, the best performer, reflecting an increasing risk appetite; Energy was down -0.8%, the worst performer.

● BLOCK (SQ2) largely rebounded 6.8% (+$11.7) after a 3-day losing streak, closed at $183.15. The best performer but with average volume.

● NEXGEN ENERGY (CANADA) (NXG) plunged -5.9% (-$0.46), closed at $7.3, crossed below MA20 ($7.44). The worst performer with a significant decrease in volume.

● LENDLEASE GROUP (LLC) rose 1.4% (+$0.15), closed at $10.96, hit a YTD high, crossed above MA200 ($10.92). The largest increase in volume.

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