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- The S&P/ASX200 is up today, gaining 68.30 points or 1.04% to 6,608.20 at 3:30 PM AEST. All 11 sectors are higher today along with the S&P/ASX 200 Index.
- ASX-listed retail stocks such as WES, WOW, COL and EDV have been attracting a lot of attention from investors today.
Today, the S&P/ASX 200 index began the week on a positive note. All the 11 sectors of the S&P/ASX 200 index were spotted buzzing on the green territory at 2:30 PM AEST. The S&P/ASX 200 Consumer Staples sector is also buzzing in the green territory on 4 July 2022.
The S&P/ASX 200 Consumer Staples sector (ASX:XSJ) was quoted 1.245% higher at 13,090.7 at 2:18 PM AEST on the ASX today (4 July).
Heavy rain and floods in Sydney over the last weekend have hampered several businesses in Australia. Furthermore, the interest rate hike by the Reserve Bank of Australia has also impacted businesses in the country, making the overall industry susceptible to volatility.
However, the consumer staples sector is still considered a 'safe heaven' by investors when it comes to economic pressure.
Wesfarmers Limited (ASX:WES)
The share price of one of the most sought after consumer retail stock, Wesfarmers Limited (ASX:WES), was trading 2.419% higher at AU$43.17 per share at 12:51 PM AEST on the ASX today (4 July).
The stock price of this ASX retail company, Wesfarmers has consistently been sliding on the ASX. In past one year, Wesfarmers' share price has fallen over 26% on the ASX. Similarly, Wesfarmers' share price also slid over 28% on the ASX today, on a year-to-date (YTD) basis as at 12:51 PM AEST.
In the month of June, Wesfarmers' stock price fell over by 9% on the ASX, probably due to the Reserve Bank of Australia's (RBA) hike in interest rates.
Woolworths Group Limited (ASX:WOW)
Another noteworthy stock in the league is Woolworths Group Limited (ASX:WOW). Its shares were trading 1.203% higher at AU$36.16 per share at 1:09 PM AEST on the ASX today (4 July).
The share price of this ASX-listed food and beverage retailer, Woolworths, has lost almost by 4% on the ASX in the previous 12 months. Meanwhile, Woolworths' stock price also lost 6% on the ASX today on a year-to-date (YTD) basis at 1:09 PM AEST.
Despite being a 'safe heaven' for investors, Woolworths' share price performance on the ASX was badly impacted by the interest rate hike by the Reserve Bank of Australia (RBA).
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Coles Group Limited (ASX:COL)
The shares of Coles Group Limited (ASX:COL) were spotted trading 1.065% higher at AU$18.03 per share at 1:15 PM AEST on the ASX today (4 July).
The supermarket stock has gained over 7% on the ASX in last one year. On the other hand, Coles' year-to-date share price gained slightly by 0.89% (as of 1:15 PM AEST on the ASX today, 4 July).
When the majority of the ASX-listed stocks were struggling in the past couple of months due to RBA's interest rate hike, shares of Coles have managed to perform strong and gain almost by 2% on the ASX in the past one month.
Endeavour Group Limited (ASX:EDV)
The shares of Endeavour Group Limited (ASX:EDV) were spotted trading 0.984% higher at AU$7.695 per share at 1:39 PM AEST on the ASX today (4 July).
The share price performance of Endeavour Group remained strong in the past one year as its prices went up over 25% on the ASX in past 12 months. On the year-to-date (YTD) basis, Endeavour's share price also jumped over 13% (as of 1:39 PM AEST on the ASX today, 4 July).
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