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ASX Market Update 2022-09-28

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SP/ASX 200 fell -0.5% (-34 pts), closed at 6462 points, a 70-day low.

Among the 150 largest-cap stocks, 54 (36%) closed higher. 36% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -1% to 1.5%. 6 sectors outperformed the market. The market was down -0.5%; Utilities was up 1.5%, the best performer, reflecting a more conservative market sentiment; Technology, Consumer Cyclical were down -1%, the worst performers.

● BSP FINANCIAL GROUP (BFL) rose 2% (+$0.1), closed at $5, crossed above MA20 ($4.92). The largest increase in volume.

● CORONADO GLOBAL RESOURCES (CRN) jumped 5.9% (+$0.09), closed at $1.61. The best performer with a slight increase in volume.

● GENESIS ENERGY (GNE) plunged -4.6% (-$0.11), closed at $2.27, fell 3 days in a row, a 68-day low. The worst performer with a significant increase in volume.

● UNIBAIL-RODAMCO-WESTFIELD (URW) largely fell -4.2% (-$0.14), closed at $3.17, hit a YTD low.

● VIRGIN MONEY UK (VUK) largely fell -3.9% (-$0.09), closed at $2.19, fell 5 days in a row, a 69-day low.

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