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ASX Market Update 2022-06-10

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SP/ASX 200 fell -1.3% (-88 pts), closed at 6932 points, a 92-day low, fell -4.2% (-307 pts) for the week after a 3-week winning streak.

Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 22% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -3% to 0.3%. 6 sectors outperformed the market. The market was down -1.4%; Utilities was up 0.3%, but already the best performer, reflecting a more risk-averse market; Technology was down -3%, the worst performer.

● XERO (XRO) largely rebounded 4% (+$3.21), closed at $82.93, fell -3.2% (-$2.7) for the week, fell 3 weeks in a row. The best performer today with a slight increase in volume.

● ZIMPLATS (ZIM) largely retreated -8.9% (-$2.5), closed at $25.5, the worst % loss in more than 6 months, also a 58-day low, fell -7.8% (-$2.16) for the week, fell 3 weeks in a row. The worst performer today with a significant increase in volume.

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