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ASX Market Update 2022-06-15

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SP/ASX 200 fell -1.3% (-85 pts), closed at 6601 points, fell 4 days in a row, hit a YTD low.

Among the 150 largest-cap stocks, 35 (23%) closed higher. Only 27% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.3% to -5.4%. 5 sectors outperformed the market. The market was down -1.5%; Communication was down -0.3%, but already the best performer; Technology was down -5.4%, the worst performer.

● LYNAS RARE EARTHS (LYC) largely rose 4.2% (+$0.36) after a 3-day losing streak, closed at $8.89, crossed above MA200 ($8.88). The best performer with a slight increase in volume.

● NEXGEN ENERGY (CANADA) (NXG) sank -14.3% (-$1), closed at $6, fell 3 days in a row, crossed below MA20 and MA200 ($6.78, $6.89). The worst performer with the largest increase in volume.

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