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ASX Market Update 2022-11-22

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SP/ASX 200 rose 0.6% (+42.3 pts), closed at 7181 points, a 118-day high.

Among the 150 largest-cap stocks, 94 (63%) closed higher. 54% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -1.1% to 2.3%. only 2 sectors outperformed the market. The market was up 0.4%; Energy was up 2.3%, the best performer; Utilities, Technology were down -1.1%, the worst performers.

● GENESIS ENERGY (GNE) retreated -1.2% (-$0.03), closed at $2.43. The largest increase in volume.

● VIRGIN MONEY UK (VUK) surged 10.6% (+$0.27), closed at $2.81, the best % gain in more than 21 months, also a 140-day high, crossed above MA200 ($2.67). The best performer with a huge increase in volume.

● CONTACT ENERGY (CEN) largely retreated -4.9% (-$0.35), closed at $6.75, crossed below MA20 and MA200 ($6.8, $6.86). The worst performer with a huge increase in volume.

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