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ASX Market Update 2022-09-30

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SP/ASX 200 retreated -1.2% (-80.8 pts), closed at 6474 points, fell -1.5% (-101 pts) for the week, fell 3 weeks in a row, fell -7.3% (-513 pts) for the month.

Among the 150 largest-cap stocks, 40 (27%) closed higher. 37% of all ASX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -3.8% to 0.6%. 6 sectors outperformed the market. The market was down -1.2%; Basic Materials was up 0.6%, the best performer; Technology was down -3.8%, the worst performer.

● APM HUMAN SERVICES INTERNATIONAL (APM) surged 5.3% (+$0.17), closed at $3.38, rose 3 days in a row, rose 8.3% (+$0.26) for the week, rose 2.1% (+$0.07) for the month, crossed above MA50 ($3.26). The best performer today with a slight decrease in volume.

● MERCURY NZ (MCY) tanked -4.8% (-$0.25), closed at $4.93, the worst % loss in more than 1 month, also a 62-day low, fell -8.9% (-$0.48) for the week, fell -3.7% (-$0.19) for the month. The largest increase in volume today.

● CARSALES.COM (CAR) largely retreated -7.8% (-$1.59), closed at $18.81, the worst % loss in 3 months, also a 51-day low, fell -4.2% (-$0.83) for the week, fell 3 weeks in a row, fell -15.8% (-$3.53) for the month. The worst performer today with a significant increase in volume.

● COCHLEAR (COH) largely retreated -6.6% (-$13.82), closed at $194.54, the worst % loss in more than 13 months, also a 68-day low, fell -1% (-$2.02) for the week, fell 3 weeks in a row, fell -8.6% (-$18.23) for the month.

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