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ASX Market Update 2022-05-31

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SP/ASX 200 retreated -1% (-75.8 pts), closed at 7211 points, fell -3% (-224 pts) for the month.

Among the 150 largest-cap stocks, 46 (31%) closed higher. 44% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -2.4% to 0.5%. 7 sectors outperformed the market. The market was down -0.8%; Energy was up 0.5%, the best performer; Technology was down -2.4%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) surged 5.6% (+$0.38), closed at $7.15, rose 3 days in a row, a 25-day high, rose 1.6% (+$0.11) for the month, crossed above MA200 ($6.81). The best performer today with a significant decrease in volume.

● APM HUMAN SERVICES INTERNATIONAL (APM) fell -1.9% (-$0.06), closed at $3.11, fell 5 days in a row, fell -3.7% (-$0.12) for the month. The largest increase in volume today.

● BEACH ENERGY (BPT) jumped 5.2% (+$0.085), closed at $1.725, rose 6.2% (+$0.1) for the month, crossed above MA20 ($1.65).

● SUNCORP GROUP (SUN) sank -6.4% (-$0.77), closed at $11.35, the worst % loss in more than 23 months, fell -1% (-$0.11) for the month, crossed below MA20, MA50 and MA200 ($11.83, $11.42, $11.44). The worst performer today with a huge increase in volume.

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