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ASX Market Update 2022-11-25

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SP/ASX 200 slightly rose 0.2% (+17.5 pts), closed at 7260 points, a 126-day high, rose 1.5% (+108 pts) for the week.

Among the 150 largest-cap stocks, 102 (68%) closed higher, 83 of them rose with a lower volume. 52% of all ASX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -1% to 2.6%. 8 sectors outperformed the market, the market internal was more positive. The market was up 0.2%; Utilities was up 2.6%, the best performer, reflecting a more risk-averse market; Basic Materials was down -1%, the worst performer.

● ANGLOGOLD ASHANTI (AGG) largely rebounded 8.4% (+$0.45), closed at $5.8, a 150-day high, rose 13.1% (+$0.67) for the week. The best performer today with the largest increase in volume.

● ALLKEM (AKE) plummeted -8.6% (-$1.24), closed at $13.17, a 66-day low, fell -5.9% (-$0.83) for the week, fell 2 weeks in a row. The worst performer today with a huge increase in volume.

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