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ASX Market Update 2022-09-07

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SP/ASX 200 fell -1.4% (-97.7 pts), closed at 6729 points, a 35-day low.

Among the 150 largest-cap stocks, 35 (23%) closed higher. 35% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.6% to 0.6%. 7 sectors outperformed the market. The market was down -1.2%; Healthcare was up 0.6%, the best performer; Energy was down -2.6%, the worst performer.

● SEVEN GROUP (SVW) retreated -1.4% (-$0.27) after a 4-day winning streak, closed at $18.97. The largest increase in volume.

● RESMED (RMD) largely rose 4.2% (+$1.36), closed at $33.51, the best % gain in more than 9 months, crossed above MA20, MA50 and MA200 ($32.97, $33, $32.46).

● VENTIA SERVICES GROUP (VNT) surged 4.3% (+$0.12), closed at $2.94, the best % gain in more than 1 month, also hit a record high. The best performer with a significant increase in volume.

● VIVA ENERGY GROUP (VEA) plummeted -7.1% (-$0.21), closed at $2.76, the worst % loss in 23 months, crossed below MA20 ($2.83). The worst performer with a slight increase in volume.

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