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ASX Market Update 2022-12-06

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SP/ASX 200 fell -0.5% (-34.7 pts), closed at 7291 points.

Among the 150 largest-cap stocks, 51 (34%) closed higher. 34% of all ASX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -3.1% to 0.1%. 6 sectors outperformed the market. The market was down -0.6%; Consumer Defensive, Energy were up 0.1%, but already the best performers, reflecting a more conservative market sentiment; Technology was down -3.1%, the worst performer.

● YANCOAL AUSTRALIA (YAL) largely rebounded 5.4% (+$0.29), closed at $5.64, crossed above MA50 ($5.52). The best performer with a significant decrease in volume.

● EAGERS AUTOMOTIVE (APE) plunged -5.4% (-$0.66), closed at $11.64, fell 3 days in a row, the worst % loss in 2 months, also a 30-day low, crossed below MA20, MA50 and MA200 ($12.16, $11.87, $11.92). The worst performer with a significant increase in volume.

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