Three Stocks Starting With ‘A’ – AMP, AZJ, ASX

Three Stocks Starting With ‘A’ - AMP, AZJ, ASX

Investors are always keen to know, which stocks are performing good and which stocks are performing badly. In order to judge the performance of a stock, one needs to consider stock’s recent update. Let’s take a closer look at three stocks starting with “A”.

AMP Limited (ASX: AMP)

The wealth management company, AMP Limited (ASX: AMP) recently announced the appointment of Marissa Bendyk for the role of Group Company Secretary, General Counsel, Corporate and Governance, making a significant addition to the Board. During the first quarter of 2019, Australian wealth management’s assets under management (AUM) increased by 5% to $129.3 billion, and AMP Capital AUM increased 4% to $194.6 billion, driven by stronger investment markets.

During the 2019 March quarter, AMP’s total loan book grew by $127 million to $20.1 billion and its deposit book increased by $218 million to $13.5 billion. The company is determined to reinvent AMP as a more agile, valuable and sustainable business. The company believes that 2019 will be a year of transition, where it will deliver a number of critical initiatives to position the business for the future.

In the past six months, AMP’s shares decreased by 17.36% as on 7th May 2019. AMP’s shares last traded at $2.210, with a market capitalisation of circa $6.42 billion as on 9th May 2019.

Aurizon Holdings Limited (ASX: AZJ)

Australia’s leading rail freight operator, Aurizon Holdings Limited (ASX: AZJ) recently signed agreements with customers on a proposed revised Access Undertaking for the CQCN, representing over 90% of railed tonnes in the Central Queensland Coal Network. Through its three major avenues; Network, Coal and Bulk, the company is delivering bulk commodities to the world. With the growing demand for coal and iron ore, the company is very well placed for long term growth.

For the six months ended 31st December 2018, the company reported a profit after tax of $84.3 million.

In the past six months, AZJ’s shares decreased by 14.89% as on 9th May 2019. AZJ’s shares last traded at $4.890, with a market capitalisation of circa $9.67 billion.

ASX Limited (ASX: ASX)

ASX Limited (ASX: ASX) is a multi-asset class, vertically integrated exchange group, which functions as a market operator, clearing house and payments system facilitator. ASX has a strong operating platform, which provides services in a highly resilient, secure, trusted and transparent manner. On that platform, the group provides a range of products and services that make up its core customer value proposition.

As per ASX Group’s monthly activity report, in the month of April, ASX raised a total capital of $4.8 billion, which is 39% less than pcp. Further, the average daily number of trades was 30% higher when compared apples-to-apples with 12% higher average daily value traded on the market than the pcp.

In the past six months, the group’s shares increased by 22.91% as on 7th May 2019. At market close on 9th May 2019, the ASX stock was trading at a price of $75.260.


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