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ASX Market Update 2022-07-21

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SP/ASX 200 rose 0.5% (+35.3 pts), closed at 6794 points, a 27-day high.

Among the 150 largest-cap stocks, 95 (63%) closed higher. 66% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 2 sectors closed down, 1 sector remained unchanged, ranging from -2.3% to 4.6%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.8%; Technology was up 4.6%, the best performer, reflecting an increasing risk appetite; Energy was down -2.3%, the worst performer.

● CONTACT ENERGY (CEN) rebounded 2% (+$0.13), closed at $6.7, crossed above MA20 ($6.69). The largest increase in volume.

● LIONTOWN RESOURCES (LTR) spiked 11.2% (+$0.125), closed at $1.24, a 32-day high, crossed above MA50 ($1.12). The best performer with a significant increase in volume.

● YANCOAL AUSTRALIA (YAL) largely retreated -4.8% (-$0.29) after a 5-day winning streak, closed at $5.7. The worst performer with a significant increase in volume.

● WOODSIDE ENERGY GROUP (WDS) sank -4.4% (-$1.43) after a 5-day winning streak, closed at $31.14, crossed below MA20 and MA50 ($31.26, $31.22).

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