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ASX Market Update 2022-08-02

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SP/ASX 200 slightly rose 0.07% (+5.1 pts), closed at 6998 points, rose 6 days in a row, a 36-day high.

Among the 150 largest-cap stocks, 78 (52%) closed higher. 48% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -1.3% to 1.5%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.1%; Technology was up 1.5%, the best performer; Real Estate was down -1.3%, the worst performer.

● ALLKEM (AKE) largely retreated -5.3% (-$0.63) after a 5-day winning streak, closed at $11.16, the worst % loss in 2 months. The worst performer but with average volume.

● THE A2 MILK COMPANY (A2M) spiked 7.9% (+$0.36), closed at $4.9, the best % gain in 2 months, also a 77-day high. The best performer with the largest increase in volume.

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