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ASX Market Update 2022-08-01

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SP/ASX 200 rose 0.7% (+48 pts), closed at 6993 points, rose 5 days in a row, a 35-day high.

Among the 150 largest-cap stocks, 103 (69%) closed higher. 51% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.9% to 1.5%. 5 sectors outperformed the market. The market was up 0.5%; Energy was up 1.5%, the best performer; Technology was down -0.9%, the worst performer.

● 5E ADVANCED MATERIALS (5EA) largely fell -3.4% (-$0.08), closed at $2.26. The worst performer with a slight decrease in volume.

● INFRATIL (IFT) rose 1.3% (+$0.1), closed at $7.95, rose 4 days in a row, hit a record high. The largest increase in volume.

● ALLKEM (AKE) soared 4.5% (+$0.51), closed at $11.79, rose 5 days in a row, a 39-day high. The best performer with a significant increase in volume.

● LYNAS RARE EARTHS (LYC) spiked 4.5% (+$0.39), closed at $9.1, a 23-day high, crossed above MA50 ($8.78).

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