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ASX Market Update 2022-06-21

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SP/ASX 200 rose 1.4% (+90.8 pts) after a 7-day losing streak, closed at 6524 points, the best % gain in more than 1 month.

Among the 150 largest-cap stocks, 114 (76%) closed higher, 95 of them rose with a lower volume. 62% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.4% to 2.7%. 4 sectors outperformed the market. The market was up 1.4%; Energy was up 2.7%, the best performer; Healthcare was down -0.4%, but already the worst performer.

● UNIBAIL-RODAMCO-WESTFIELD (URW) largely rebounded 6.9% (+$0.27), closed at $4.2, the best % gain in more than 1 year. The best performer with a slight decrease in volume.

● GENESIS ENERGY (GNE) largely retreated -3% (-$0.07), closed at $2.3, crossed below MA20 ($2.36). The largest increase in volume.

● CONTACT ENERGY (CEN) surged 5.9% (+$0.38), closed at $6.85, rose 4 days in a row, the best % gain in more than 3 months, crossed above MA20 ($6.78).

● CORONADO GLOBAL RESOURCES (CRN) plunged -7% (-$0.115), closed at $1.53, fell 3 days in a row, an 80-day low, crossed below MA200 ($1.62). The worst performer with a significant increase in volume.

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