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ASX Market Update 2022-10-26

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SP/ASX 200 slightly rose 0.2% (+11.9 pts), closed at 6811 points, rose 3 days in a row, crossed above MA50 (6798 pts).

Among the 150 largest-cap stocks, 104 (69%) closed higher. 57% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -2.2% to 2.5%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.2%; Utilities was up 2.5%, the best performer, reflecting a decreasing risk appetite; Consumer Defensive was down -2.2%, the worst performer.

● CONTACT ENERGY (CEN) largely rebounded 6.1% (+$0.38), closed at $6.58, the best % gain in 2 months, crossed above MA20 ($6.45). The best performer with a significant decrease in volume.

● MEDIBANK PRIVATE LIMITED (MPL) plummeted -18.1% (-$0.635), closed at $2.87, hit a YTD low, crossed below MA20 and MA200 ($3.47, $3.24). The worst performer with the largest increase in volume.

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