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The Australian share market rose in the opening trade on Thursday.
The volatility index fell 7.46% to 15.88.
Investors now expect the domestic market to add gains throughout the day.
The ASX 200 opened in the green on Thursday after three straight days of steep losses. The domestic market mainly gained on rising commodity prices and upbeat US tech earnings. In the first few minutes of opening, the benchmark was trading 0.73% or 53.3 points up to 7,314.5. The volatility index also fell 7.46% to 15.88. Investors now expect the domestic market to add gains throughout the day after days of high volatility.
In such a scenario, let’s look at some of the prominent blue-chip stocks and discuss how these ASX-listed shares have fared in the last five days.
ResMed Inc (ASX:RMD)
ResMed is a medical device company which primarily provides cloud-connectable CPAP devices and masks for the treatment of sleep apnea.
The company clocked a revenue of AU$2.61 billion in FY19, AU$2.96 billion in FY20 and AU$3.2 billion in FY21.
RMD’s share price has fallen over 8% in the last five days. On a year-to-date (YTD) basis, the stock declined by over 16%.
Computershare Ltd (ASX:CPU)
Computershare is a software and services company that provides a number of financial services such as mortgage servicing, stakeholders’ communication, etc.
The company reported a flat revenue of AU$2.28 billion in FY21 compared to FY20. However, the profit fell marginally to AU$0.19 billion during the fiscal from AU$0.23 billion a year ago.
CPU’s share price has fallen over 4% in the last five days. On a YTD basis, the stock rose nearly 21%.
Brambles Ltd (ASX:BXB)
Brambles is a supply chain and logistics company. The company is present in over 50 countries and specialises in the pooling of crates, containers, pallets, etc.
The company reported a net profit of AU$0.53 billion over a revenue of AU$5.21 billion in FY21.
BXB’s share price has fallen over 1% in the last five days. On a YTD basis, the stock fell over 3%.
Amcor Plc (ASX:AMC)
Amcor is a global packaging company, which develops and produces rigid and flexible packaging for a variety of food, beverage, personal care products, medical devices, etc.
For the six months ended 31 December, Amcor delivered a 12% increase in sales to US$6,927 million. Amcor’s earnings before interest and tax (EBIT) rose 5% to US$769 million.
AMC’s share price has risen over 4% in the last five days. On a YTD basis, the stock rose over 1%.
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