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ASX Market Update 2022-05-23

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SP/ASX 200 slightly rose 0.04% (+2.9 pts), closed at 7149 points.

Among the 150 largest-cap stocks, 74 (49%) closed higher, 60 of them rose with a lower volume. 46% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 6 sectors closed down, 3 sectors remained unchanged, ranging from -0.6% to 0.7%. 3 sectors outperformed the market. The market remained unchanged; Basic Materials was up 0.7%, the best performer; Technology was down -0.6%, the worst performer.

● GQG PARTNERS (GQG) jumped 8.1% (+$0.115), closed at $1.54, the best % gain in more than 1 month, also a 21-day high, crossed above MA20 ($1.43). The best performer with a huge increase in volume.

● INCITEC PIVOT (IPL) largely fell -3.7% (-$0.14), closed at $3.6, the worst % loss in 1 month, also a 49-day low. The worst performer with the largest increase in volume.

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