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ASX Market Update 2022-10-24

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SP/ASX 200 rose 1.5% (+102 pts), closed at 6779 points.

Among the 150 largest-cap stocks, 127 (85%) closed higher. 64% of all ASX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.6% to 2.5%. 5 sectors outperformed the market. The market was up 1.6%; Basic Materials, Technology were up 2.5%, the best performers; Energy was up 0.6%, but already the worst performer.

● NEW HOPE (NHC) largely retreated -4.3% (-$0.32), closed at $7.1. The worst performer but with average volume.

● NEXGEN ENERGY (CANADA) (NXG) largely rose 3.7% (+$0.23), closed at $6.42, a 25-day high, crossed above MA200 ($6.39). The largest increase in volume.

● EVOLUTION MINING (EVN) largely rebounded 7.7% (+$0.14), closed at $1.95, the best % gain in more than 8 months. The best performer with a slight increase in volume.

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