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ASX Market Update 2022-06-20

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SP/ASX 200 fell -0.6% (-41.6 pts), closed at 6433 points, fell 7 days in a row, hit a YTD low.

Among the 150 largest-cap stocks, 82 (55%) closed higher, 79 of them rose with a lower volume. 37% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -5% to 2.9%. 8 sectors outperformed the market. The market was down -0.7%; Real Estate was up 2.9%, the best performer; Energy was down -5%, the worst performer.

● GENESIS ENERGY (GNE) jumped 7.7% (+$0.17), closed at $2.37, the best % gain in more than 4 months, crossed above MA20 ($2.37). The best performer but with average volume.

● SSR MINING (SSR) rose 1.7% (+$0.45), closed at $27.55. The largest increase in volume.

● NEW HOPE (NHC) plummeted -12.5% (-$0.46), closed at $3.21, the worst % loss in nearly 28 months, also a 58-day low. The worst performer with a significant increase in volume.

● CHAMPION IRON (CIA) tanked -11.9% (-$0.72), closed at $5.31, fell 7 days in a row, the worst % loss in nearly 9 months, also hit a YTD low, crossed below MA200 ($5.89).

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