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ASX Market Update 2022-07-25

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SP/ASX 200 slightly fell -0.03% (-2.1 pts), closed at 6790 points.

Among the 150 largest-cap stocks, 64 (43%) closed higher. 43% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 8 sectors closed down, 1 sector remained unchanged, ranging from -1.8% to 0.8%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Basic Materials was up 0.8%, the best performer; Technology was down -1.8%, the worst performer.

● INSURANCE AUSTRALIA GROUP (IAG) largely rebounded 5.9% (+$0.25), closed at $4.46, the best % gain in more than 11 months, also a 38-day high, crossed above MA20 and MA50 ($4.36, $4.37). The best performer with a significant increase in volume.

● NEXGEN ENERGY (CANADA) (NXG) largely retreated -10.1% (-$0.61) after a 5-day winning streak, closed at $5.4, the worst % loss in more than 1 month, crossed below MA20 ($5.59). The worst performer with a significant increase in volume.

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