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ASX Market Update 2022-09-06

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SP/ASX 200 fell -0.4% (-25.5 pts), closed at 6827 points, a 28-day low.

Among the 150 largest-cap stocks, 56 (37%) closed higher. 50% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -0.6% to 0.7%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Energy was up 0.7%, the best performer; Consumer Cyclical was down -0.6%, the worst performer.

● MERIDIAN ENERGY (MEZ) largely rebounded 3.4% (+$0.15), closed at $4.6, the best % gain in 1 month, crossed above MA50 ($4.49). The largest increase in volume.

● CORE LITHIUM (CXO) spiked 9.9% (+$0.135), closed at $1.495, the best % gain in more than 2 months, crossed above MA20 ($1.42). The best performer with a slight increase in volume.

● BREVILLE GROUP (BRG) sank -4.9% (-$1.08), closed at $20.8, the worst % loss in nearly 4 months, also a 27-day low, crossed below MA50 ($20.88). The worst performer with a huge increase in volume.

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