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ASX Market Update 2022-10-14

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SP/ASX 200 largely rose 1.7% (+116 pts), closed at 6759 points, fell -0.06% (-4 pts) for the week, crossed above MA20 (6646 pts).

Among the 150 largest-cap stocks, 130 (87%) closed higher. 64% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.8% to 3.5%. 4 sectors outperformed the market. The market was up 1.6%; Energy was up 3.5%, the best performer; Technology was up 0.8%, but already the worst performer.

● COCHLEAR (COH) largely rebounded 5% (+$9.4) after a 6-day losing streak, closed at $195.6, the best % gain in more than 7 months, fell -3.7% (-$7.44) for the week. The largest increase in volume today.

● VIRGIN MONEY UK (VUK) largely rebounded 9.5% (+$0.2), closed at $2.3, the best % gain in more than 20 months, rose 2.7% (+$0.06) for the week, rose 2 weeks in a row, crossed above MA20 ($2.28). The best performer today with a significant increase in volume.

● PILBARA MINERALS (PLS) tanked -5.1% (-$0.25), closed at $4.69, fell 3 days in a row, fell -13.5% (-$0.73) for the week, crossed below MA20 ($4.88). The worst performer today with a significant increase in volume.

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