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ASX Market Update 2022-07-05

360MiQ 0

SP/ASX 200 slightly rose 0.2% (+16.3 pts), closed at 6629 points.

Among the 150 largest-cap stocks, 63 (42%) closed higher. 61% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 2 sectors closed down, 2 sectors remained unchanged, ranging from -1.5% to 2.1%. 5 sectors outperformed the market. The market was up 0.4%; Technology was up 2.1%, the best performer, reflecting an increasing risk appetite; Real Estate was down -1.5%, the worst performer.

● CONTACT ENERGY (CEN) largely rebounded 9.7% (+$0.61), closed at $6.88, the best % gain in more than 17 months, crossed above MA20 ($6.61). The best performer with a huge increase in volume.

● GQG PARTNERS (GQG) largely retreated -4.9% (-$0.07), closed at $1.36, a 66-day low. The worst performer with a slight increase in volume.

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