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ASX Market Update 2022-12-05

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SP/ASX 200 slightly rose 0.3% (+23.6 pts), closed at 7326 points.

Among the 150 largest-cap stocks, 65 (43%) closed higher. 46% of all ASX stocks ended higher.

In terms of sectors, 7 sectors closed up, the market internal was more positive, 5 sectors closed down, ranging from -0.7% to 1.4%. 4 sectors outperformed the market. The market was up 0.2%; Basic Materials was up 1.4%, the best performer; Industrials, Healthcare were down -0.7%, the worst performers.

● FORTESCUE METALS GROUP (FMG) largely rebounded 6.9% (+$1.35), closed at $21.03, hit a record high. The best performer with a slight increase in volume.

● YANCOAL AUSTRALIA (YAL) tanked -5.6% (-$0.32), closed at $5.35, the worst % loss in more than 2 months, crossed below MA50 ($5.52). The worst performer with a slight increase in volume.

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