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ASX Market Update 2022-09-12

360MiQ 0

SP/ASX 200 rose 1% (+70.5 pts), closed at 6965 points, rose 3 days in a row, is testing MA20 (6968 pts).

Among the 150 largest-cap stocks, 106 (71%) closed higher, 90 of them rose with a lower volume. 59% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.1% to 2.3%. 3 sectors outperformed the market. The market was up 1%; Technology was up 2.3%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.1%, but already the worst performer.

● LIONTOWN RESOURCES (LTR) largely fell -3% (-$0.055), closed at $1.75. The worst performer with a slight decrease in volume.

● SAYONA MINING (SYA) soared 9.2% (+$0.03), closed at $0.355, rose 5 days in a row, a 98-day high. The best performer with a significant increase in volume.

● SIMS (SGM) largely retreated -2.8% (-$0.42), closed at $14.6, crossed below MA50 ($14.8).

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