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ASX Market Update 2022-08-30

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SP/ASX 200 rebounded 0.5% (+32.3 pts), closed at 6998 points.

Among the 150 largest-cap stocks, 110 (73%) closed higher. 61% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.2% to 1.6%. 5 sectors outperformed the market. The market was up 0.6%; Technology was up 1.6%, the best performer; Basic Materials was up 0.2%, but already the worst performer.

● DOMINO’S PIZZA ENTERPRISES (DMP) largely fell -3.7% (-$2.41), closed at $62.58, a 51-day low. The worst performer with a significant decrease in volume.

● APM HUMAN SERVICES INTERNATIONAL (APM) fell -2.3% (-$0.08), closed at $3.35, crossed below MA20 ($3.42). The largest increase in volume.

● THE A2 MILK COMPANY (A2M) jumped 6.1% (+$0.33), closed at $5.73, rose 5 days in a row, a 131-day high.

● MINERAL RESOURCES (MIN) largely rebounded 6.2% (+$3.97), closed at $67.96, the best % gain in 1 month, also hit a record high. The best performer with a significant increase in volume.

● PALADIN ENERGY (PDN) largely rebounded 5.8% (+$0.045), closed at $0.815.

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