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ASX Market Update 2022-08-23

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SP/ASX 200 fell -1.2% (-85.2 pts), closed at 6962 points, the worst % loss in nearly 2 months, crossed below MA20 (7015 pts).

Among the 150 largest-cap stocks, 32 (21%) closed higher. Only 28% of all ASX stocks ended higher, the least for more than 2 months.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -3.8% to 0.9%. 6 sectors outperformed the market. The market was down -1.2%; Energy was up 0.9%, the best performer; Consumer Defensive was down -3.8%, the worst performer.

● ALTIUM (ALU) largely rebounded 19.7% (+$5.91) after a 4-day losing streak, closed at $35.84, the best % gain in more than 14 months, also a 133-day high, crossed above MA20 and MA200 ($31.21, $33.8). The best performer with the largest increase in volume.

● ANSELL (ANN) largely rebounded 8.6% (+$2.16) after a 3-day losing streak, closed at $27.3, the best % gain in more than 28 months, crossed above MA20 and MA200 ($26.35, $27.21).

● ENDEAVOUR GROUP (EDV) plunged -12.3% (-$1.02), closed at $7.25, a 42-day low, crossed below MA20 and MA50 ($7.98, $7.81). The worst performer with a huge increase in volume.

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