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ASX Market Update 2022-05-10

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SP/ASX 200 fell -1% (-69.8 pts), closed at 7051 points, fell 3 days in a row, a 41-day low.

Among the 150 largest-cap stocks, 43 (29%) closed higher. Only 27% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -4% to 0.6%. 8 sectors outperformed the market. The market was down -1.2%; Communication was up 0.6%, the best performer; Technology was down -4%, the worst performer.

● CONTACT ENERGY (CEN) rebounded 2.2% (+$0.15), closed at $7. The largest increase in volume.

● REA GROUP (REA) largely rebounded 5.5% (+$5.88), closed at $113.16, the best % gain in 6 months. The best performer with a significant increase in volume.

● IDP EDUCATION (IEL) largely rebounded 5.1% (+$1.23), closed at $25.52, the best % gain in more than 2 months.

● NEWS (NWS) largely rebounded 4.7% (+$1.15), closed at $25.4, the best % gain in 3 months.

● BLOCK (SQ2) plummeted -8.5% (-$11.44), closed at $122.66, fell 3 days in a row, the worst % loss in 2 months, also a 49-day low. The worst performer with a significant increase in volume.

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