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ASX Market Update 2022-05-30

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SP/ASX 200 rose 1.4% (+104 pts), closed at 7287 points.

Among the 150 largest-cap stocks, 120 (80%) closed higher. 67% of all ASX stocks ended higher, good for the market.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.7% to 7%. 4 sectors outperformed the market. The market was up 1.6%; Technology surged 7%, the best performer, reflecting an increasing risk appetite; Energy was down -0.7%, the worst performer.

● BLOCK (SQ2) jumped 10.9% (+$12.75), closed at $129.85, rose 3 days in a row, crossed above MA20 ($123.85). The best performer but with average volume.

● THE A2 MILK COMPANY (A2M) spiked 10.4% (+$0.45), closed at $4.77, the best % gain in 3 months, also a 31-day high, crossed above MA50 ($4.68). The largest increase in volume.

● YANCOAL AUSTRALIA (YAL) sank -7.6% (-$0.46), closed at $5.62, the worst % loss in more than 2 months, crossed below MA20 ($5.64). The worst performer with a huge increase in volume.

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