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ASX Market Update 2022-08-03

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SP/ASX 200 slightly fell -0.3% (-22.1 pts) after a 6-day winning streak, closed at 6976 points.

Among the 150 largest-cap stocks, 58 (39%) closed higher. 54% of all ASX stocks ended higher.

In terms of sectors, 5 sectors closed up, 5 sectors closed down, 2 sectors remained unchanged, ranging from -1.2% to 3.3%. 5 sectors outperformed the market. The market remained unchanged; Technology was up 3.3%, the best performer, reflecting an increasing risk appetite; Consumer Cyclical was down -1.2%, the worst performer.

● SSR MINING (SSR) sank -6.4% (-$1.46), closed at $21.3, the worst % loss in more than 20 months, also hit a YTD low. The worst performer with a significant decrease in volume.

● LYNAS RARE EARTHS (LYC) largely rebounded 7.5% (+$0.67), closed at $9.55, the best % gain in nearly 7 months, also a 38-day high, crossed above MA200 ($9.17). The best performer with a significant increase in volume.

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