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ASX Market Update 2022-09-16

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SP/ASX 200 fell -1.4% (-96 pts), closed at 6747 points, fell -2.1% (-147 pts) for the week.

Among the 150 largest-cap stocks, 34 (23%) closed higher. Only 31% of all ASX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.1% to -2.9%. 7 sectors outperformed the market. The market was down -1.3%; Utilities was down -0.1%, but already the best performer, reflecting a more conservative market sentiment; Energy was down -2.9%, the worst performer.

● APM HUMAN SERVICES INTERNATIONAL (APM) surged 6.5% (+$0.21), closed at $3.46, rose 3 days in a row, the best % gain in more than 2 months, also hit a record high, rose 11.6% (+$0.36) for the week after a 2-week losing streak, crossed above MA50 ($3.28). The best performer today with a huge increase in volume.

● ATLAS ARTERIA (ALX) plunged -15.6% (-$1.22), closed at $6.59, the worst % loss in more than 29 months, also a 107-day low, fell -17.4% (-$1.39) for the week after a 2-week winning streak, crossed below MA200 ($7.11). The worst performer today with the largest increase in volume.

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