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ASX Market Update 2022-12-02

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SP/ASX 200 fell -0.7% (-52.5 pts) after a 3-day winning streak, closed at 7302 points, rose 0.6% (+42 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 59 (39%) closed higher. 50% of all ASX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -2.3% to 1%. 6 sectors outperformed the market. The market was down -0.5%; Healthcare was up 1%, the best performer; Real Estate was down -2.3%, the worst performer.

● NEXGEN ENERGY (CANADA) (NXG) surged 4.3% (+$0.29), closed at $7.08, rose 3 days in a row, a 114-day high, rose 4.4% (+$0.3) for the week, rose 2 weeks in a row. The best performer today with the largest increase in volume.

● SSR MINING (SSR) largely rose 3.7% (+$0.83), closed at $23.35, rose 3 days in a row, a 94-day high, rose 4.7% (+$1.05) for the week, rose 2 weeks in a row.

● CHARTER HALL GROUP (CHC) largely retreated -5.1% (-$0.73), closed at $13.49, the worst % loss in more than 5 months, fell -1.3% (-$0.18) for the week, fell 3 weeks in a row, crossed below MA20 ($13.51). The worst performer today with a slight increase in volume.

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