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ASX Market Update 2022-10-13

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SP/ASX 200 slightly fell -0.08% (-5.4 pts), closed at 6643 points, is testing MA20 (6650 pts).

Among the 150 largest-cap stocks, 47 (31%) closed higher. 43% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -1.6% to 1.2%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.1%; Financial was up 1.2%, the best performer; Real Estate was down -1.6%, the worst performer.

● QANTAS AIRWAYS (QAN) largely rebounded 8.7% (+$0.45), closed at $5.62, the best % gain in 2.5 years, also a 112-day high, crossed above MA20 ($5.22). The best performer with a huge increase in volume.

● ZIMPLATS (ZIM) jumped 7.6% (+$1.85), closed at $26.2, the best % gain in 6 months, also a 30-day high, crossed above MA50 and MA200 ($25.42, $25.08).

● NIB (NHF) plunged -12% (-$0.9), closed at $6.61, the worst % loss in more than 32 months, also a 121-day low, crossed below MA200 ($6.97). The worst performer with the largest increase in volume.

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