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ASX Market Update 2022-11-30

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SP/ASX 200 rose 0.4% (+31.2 pts), closed at 7284 points, a 129-day high, rose 6.1% (+420 pts) for the month.

Among the 150 largest-cap stocks, 91 (61%) closed higher. 56% of all ASX stocks ended higher.

In terms of sectors, 8 sectors closed up, 3 sectors closed down, 1 sector remained unchanged, ranging from -0.5% to 1.9%. 6 sectors outperformed the market. The market was up 0.5%; Energy was up 1.9%, the best performer; Consumer Defensive was down -0.5%, the worst performer.

● GQG PARTNERS (GQG) largely fell -3.3% (-$0.05), closed at $1.48, rose 2.8% (+$0.04) for the month, crossed below MA20 ($1.49). The worst performer today with a slight increase in volume.

● IGO (IGO) surged 4.7% (+$0.69), closed at $15.4, the best % gain in more than 1 month, rose 0.7% (+$0.11) for the month, crossed above MA50 ($15.31). The largest increase in volume today.

● WHITEHAVEN COAL (WHC) largely rebounded 8.4% (+$0.78), closed at $10.04, the best % gain in nearly 9 months, also a 25-day high, rose 11.2% (+$1.01) for the month, crossed above MA50 ($9.47). The best performer today with a significant increase in volume.

● CHORUS (CNU) largely fell -3.1% (-$0.24), closed at $7.41, fell -2.6% (-$0.2) for the month.

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