COL, JHX & DXS: How hard these ASX stocks were hit in today’s selloff

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Highlights

  • COL shares opened with a gap down, at AU$18.55 and made a low of AU$18.46 in today’s session.
  • JHX shares also plunged in today’s session, falling 2.12% to the last closing price of AU$40.66 on 2 May 2022.
  • Investors must adhere to robust risk management before investing in any stock.

Australian shares had a rough ride in today’s session, taking negative cues from the US markets. Aussie investors were spooked in early trade today after the benchmark ASX 200 index fell over a percent in the first few minutes of trade, on account of the RBA rate hike decision on Tuesday.

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Although, it hasn’t been a good start to the week for Aussie investors, let us have a look at some of the ASX 200 stocks and how they have fared in today’s market sell off.

Read More: Three timeless lessons for investors from billionaire Ray Dalio

  1. Coles Group Limited (ASX:COL)

Coles Group is one of the largest supermarket chains in Australia, retailing in fresh food, liquor, household goods, fuel, etc. The company has a market capitalisation of AU$24.98 billion with a total of 1.33 billion issued shares.

COL shares opened with a gap down, at AU$18.55 and made a low of AU$18.46 in today’s session, closing the day 0.7% lower at AU$18.57. The company’s shares have delivered a year-to-date (YTD) return of 3.75%, as of 2 May 2022. The dividend yield of COL shares stands at a decent 3.26%.

  1. James Hardie Industries PLC (ASX:JHX)

James Hardie is in the business of manufacturing, sales and marketing of building materials and is based in Sydney. The company has a market capitalisation of AU$18.57 billion with 447.23 million issued shares. JHX clocked a revenue of AU$2.9 billion in FY21, compared to AU$2.6 billion in FY20.

JHX shares also plunged in today’s session, falling 2.12% to the last closing price of AU$40.66 on 2 May 2022. The shares have already plunged significantly this year, denting investors’ portfolio with a 28.42% fall. The annual dividend yield of shares is 0.99% with the last dividend of AU$0.412 per share, paid on 17 December 2021.

  1. Dexus Limited (ASX:DXS)

The last stock on our list is Dexus, which is an Australian real estate firm, having a wide portfolio of properties valued at over AU$42.5 billion. The company only invests in Australian assets and has a market capitalisation of AU$12.01 billion. In FY21, the firm clocked a revenue of AU$1.01 billion, marginally higher than AU$0.99 billion in FY20.

DXS shares took a hit of 2.15% in today’s session, last closing the day at AU$10.93, on the back of a volume of over 2.71 million shares. The company paid a dividend of AU$0.28 per share in February 2022, translating into a lucrative dividend yield of 4.56%.

Bottom Line

The Australian market took a beating in today’s session with most of the benchmark ASX 200 shares closing in the red. This proves that one must not blindly rely on the popular notion of large cap stocks being ‘safe’. Therefore, before investing in even seemingly safer companies, investors must not forget to do a proper due diligence and adhere to robust risk management.  

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