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ASX Market Update 2022-04-05

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SP/ASX 200 slightly rose 0.2% (+13.9 pts), closed at 7528 points, a 62-day high.

Among the 150 largest-cap stocks, 85 (57%) closed higher. 46% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 3 sectors closed down, 1 sector remained unchanged, ranging from -0.8% to 4.3%. 6 sectors outperformed the market. The market was up 0.3%; Technology was up 4.3%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -0.8%, the worst performer.

● BLOCK (SQ2) surged 6.2% (+$11.21) after a 3-day losing streak, closed at $191.44. The best performer with a slight decrease in volume.

● AVZ MINERALS (AVZ) largely retreated -7.9% (-$0.105) after a 3-day winning streak, closed at $1.225, the worst % loss in more than 1 month. The worst performer but with average volume.

● MINERAL RESOURCES (MIN) soared 5.7% (+$3.21), closed at $59.67, rose 9 days in a row, the best % gain in nearly 4 months, also a 49-day high.

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