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ASX Market Update 2022-05-11

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SP/ASX 200 slightly rose 0.2% (+13.7 pts) after a 3-day losing streak, closed at 7065 points.

Among the 150 largest-cap stocks, 85 (57%) closed higher. 55% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, the market internal was more positive, 3 sectors closed down, ranging from -1.9% to 1.6%. 5 sectors outperformed the market. The market was up 0.2%; Healthcare was up 1.6%, the best performer; Utilities was down -1.9%, the worst performer.

● THE A2 MILK COMPANY (A2M) largely rebounded 4.5% (+$0.18) after a 3-day losing streak, closed at $4.16, the best % gain in more than 2 months. The best performer but with average volume.

● TPG TELECOM (TPG) largely rose 3.3% (+$0.19), closed at $5.97, rose 3 days in a row, the best % gain in more than 1 month, crossed above MA20 and MA50 ($5.93, $5.81). The largest increase in volume.

● MERIDIAN ENERGY (MEZ) largely retreated -6.5% (-$0.28), closed at $4.05, the worst % loss in more than 2 months, also a 69-day low. The worst performer with a significant increase in volume.

● ANGLOGOLD ASHANTI (AGG) tanked -5.5% (-$0.29), closed at $5.01, fell 4 days in a row, hit a YTD low.

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