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ASX Market Update 2022-12-22

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SP/ASX 200 rose 0.5% (+37.5 pts), closed at 7153 points.

Among the 150 largest-cap stocks, 107 (71%) closed higher. 64% of all ASX stocks ended higher.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.2% to 1.7%. 6 sectors outperformed the market. The market was up 0.6%; Technology was up 1.7%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.2%, but already the worst performer.

● STANMORE RESOURCES (SMR) surged 5.8% (+$0.16), closed at $2.91, rose 5 days in a row, a 31-day high. The best performer with a significant increase in volume.

● CHAMPION IRON (CIA) surged 5% (+$0.35), closed at $7.4, a 137-day high.

● GENESIS ENERGY (GNE) largely retreated -2.7% (-$0.07), closed at $2.48, crossed below MA50 ($2.49). The worst performer with a significant increase in volume.

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