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ASX Market Update 2022-06-07

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SP/ASX 200 fell -1.5% (-110 pts), closed at 7096 points, crossed below MA20 (7143 pts).

Among the 150 largest-cap stocks, 24 (16%) closed higher. Only 22% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.3% to -3%. 4 sectors outperformed the market. The market was down -1.5%; Energy was down -0.3%, but already the best performer; Technology was down -3%, the worst performer.

● WISETECH GLOBAL (WTC) tanked -5.2% (-$2.2), closed at $39.74, crossed below MA20 ($41.26). The worst performer but with average volume.

● CONTACT ENERGY (CEN) fell -2.5% (-$0.18), closed at $6.95, crossed below MA20 ($6.96). The largest increase in volume.

● YANCOAL AUSTRALIA (YAL) largely rose 4.2% (+$0.23), closed at $5.66. The best performer with a significant increase in volume.

● XERO (XRO) tanked -5% (-$4.19), closed at $80.19.

● IDP EDUCATION (IEL) plummeted -4.9% (-$1.19), closed at $23.2, crossed below MA20 ($23.58).

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