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ASX Market Update 2022-05-25

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SP/ASX 200 rose 0.4% (+26.2 pts), closed at 7155 points.

Among the 150 largest-cap stocks, 69 (46%) closed higher. Despite SP/ASX 200 rising 0.4%, only 47% of all ASX stocks follow suit.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, 1 sector remained unchanged, ranging from -3.6% to 1.2%. 9 sectors outperformed the market. The market was down -0.9%; Consumer Defensive was up 1.2%, the best performer, reflecting a more risk-averse market; Technology, Basic Materials were down -3.6%, the worst performers.

● GQG PARTNERS (GQG) largely rebounded 6.3% (+$0.095), closed at $1.605, a 69-day high. The best performer with a slight increase in volume.

● BHP GROUP (BHP) plummeted -10% (-$4.78), closed at $43.02, the worst % loss in more than 26 months, also a 77-day low, crossed below MA20 ($46.55). The worst performer with a slight increase in volume.

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