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ASX Market Update 2022-06-23

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SP/ASX 200 slightly rose 0.3% (+19.4 pts), closed at 6528 points.

Among the 150 largest-cap stocks, 84 (56%) closed higher, 75 of them rose with a lower volume. 42% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -2.2% to 3.1%. 8 sectors outperformed the market, the market internal was more positive. The market was up 0.2%; Technology was up 3.1%, the best performer, reflecting an increasing risk appetite; Energy was down -2.2%, the worst performer.

● GENESIS ENERGY (GNE) largely rebounded 7.2% (+$0.16), closed at $2.39, crossed above MA20 ($2.34). The best performer with a significant decrease in volume.

● CHAMPION IRON (CIA) largely retreated -8% (-$0.44), closed at $5.04, hit a YTD low. The worst performer with a slight decrease in volume.

● CONTACT ENERGY (CEN) largely rebounded 6.1% (+$0.39), closed at $6.75, the best % gain in nearly 4 months, crossed above MA20 ($6.73).

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