How Are ASX Listed Stocks Faring Amid The Ongoing US-China Trade Deal?

  • Oct 14, 2019 AEDT
  • Team Kalkine
How Are ASX Listed Stocks Faring Amid The Ongoing US-China Trade Deal?
Introduction

S&P/ASX 200 Index recently made its 52-week high level of $6875.50 on July 30, 2019. At the time of writing, the index was trading at $6653 (13:56 (UTC+11)), which is a ~3.2% decline from the 52-week high level. In between the index fell to $6396.00 on August 16, 2019 and again rose to a decent level of $6775.60 on September 20, 2019. The major reason for the fluctuation can be attributed to the macro-economic events in relation to the US-China trade war. On October 10, 2019, the index closed at $6547.10 level, and on October 14, 2019 it is up by ~0.7%.

This increase is over the positive sentiment emerging from ongoing US-China trade deal, where the US president Mr. Trump tweeted on 10 October 2019 and hinted on the negotiations of trade talk with Chinese officials over resolving trade issues.

It was speculated that the meeting would end with a deal favouring both the nations in order to ease global trade tensions responsible for slowing world economy. As per the latest reports, US has given a nod to suspend its next tariff hike the import of China made goods post two days of discussion on trade that took place in Washington.

ASX 200 Price Chart (Source: Thomson Reuters)

Meanwhile, the top performing indices on 11 October 2019 were S&P/ASX 200 2 x Daily Leverage Index (1.64%), S&P/ASX 200 Health Care (Sector) (1.23%), S&P/ASX 200 Materials (Sector) (1.29%), S&P/ASX 300 Metals & Mining (Industry) (1.41%) and S&P/ASX 200 Resources (1.38%). On the other hand, indices which showed negative returns were S&P/ASX 200 VIX Index (-6.03%), S&P/ASX 200 2 x Daily Inverse Index (-1.68%), S&P/ASX 200 A-REIT (Sector) (-0.01%), S&P/ASX All Ordinaries Gold (Sub Industry) (-1.27%), S&P/ASX 200 Industrials (Sector) (-0.21%) and S&P/ASX 200 Inverse Daily Index (-0.83%).

S&P/ASX 200 Health Care index made its fresh 52-week high level of $37,385.50 on October 14, 2019. Its previous 52-week high level was at $34,831.70 on September 3, 2018 and then it fell to a low of $27,150.80 on November 21, 2018. From this low level, it has risen to present level of $36,940.00 (15:49 (UTC+11)), which is an increase of ~36.05%. Few Important health care stocks as per market capitalization are CSL Limited (ASX: CSL), Sonic Healthcare Limited (ASX: SHL) and Ramsay Health Care Limited (ASX: RHC).

S&P/ASX 200 Materials index made its 52-week high level of $14,462.70 on July 24, 2019 and then declined to a level of $12,521.30 on August 26, 2019. From this low level, it has inclined to the present level of $13,142.30 (14:04 (UTC+11)), which is an increase of ~4.95%.

A few important material sector stocks as per the market capitalisation are BHP Group Limited (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Newcrest Mining Limited (ASX: NCM).

Let us now acquaint ourselves with the performance of some of the ASX listed stocks in detail:

CSL Limited (ASX: CSL)

Global Biotechnology leader CSL Limited (ASX: CSL) develops and delivers innovative medicines that save lives, protect public health and help people with life threatening medical conditions to live their full lives.

The stock of CSL Limited (ASX: CSL) was trading at $243.650, slipping by 0.364% (at AEST 2:29 PM), with the market cap of ~$110.99 Bn. Its outstanding shares were reported at 453.86 Mn. Its 52-week high- and low-level stands at $248.050 and $173.00, respectively. It reported one-year return of 31.83%, and six months and three months returns of 22.88% and 10.28%, respectively.

Sonic Healthcare Limited (ASX: SHL)

Sydney based Sonic Healthcare Limited (ASX: SHL) is involved in the delivery of services related to both medical diagnostic and administrative, and amenities to medical practitioners.

The stock of Sonic Healthcare Limited (ASX: SHL) was trading at $28.720, edging up by 0.314% (at AEST 2:34 PM), with the market cap of ~$13.59 Bn. Its outstanding shares were reported at 474.8 Mn. Its 52-week high- and low-level stands at $29.930 and $21.260, respectively. It reported one-year return of 19.54%, and six months and three months returns of 15.96% and 3.54%, respectively.

Ramsay Health Care Limited (ASX: RHC)

Global Health Care company Ramsay Health Care Limited (ASX: RHC) is involved in operating high-quality services and delivering excellent patient care, with a range of acute and primary healthcare services from 480 facilities across 11 countries.

The stock of Ramsay Health Care Limited (ASX: RHC) was trading at $66.805, up 0.233% with the market cap of ~$13.47 Bn. Its outstanding shares were reported at 202.08 Mn. Its 52-week high- and low-level stands at $74.120 and $51.890, respectively. It reported one-year return of 24.30%, and six months and three months returns of 4.37% and -9.44%, respectively.

BHP Group Limited (ASX: BHP)

BHP Group Limited (ASX: BHP) is invloved in the exploration, development and production work related to oil & gas. The entity also carries out mining of copper, silver, zinc, molybdenum, uranium and gold, along with the mining of iron ore, and metallurgical coal and energy coal.

The stock of BHP Group Limited (ASX: BHP) was trading at $36.610, moving up by 2.205% (at AEST 3:05 PM), with the market cap of ~$105.52 Bn. Its outstanding shares were reported at 2.95 Bn. Its 52-week high- and low-level stands at $42.330 and $29.062, respectively. It reported one-year return of 11.85%, and six months and three months returns of -9.64% and -13.12%, respectively.

Rio Tinto Limited (ASX: RIO)

Rio Tinto Limited (ASX: RIO) is involved in exploration, development, production processes and marketing of minerals such as Iron ore, aluminium, copper and diamonds etc.

The stock of Rio Tinto Limited (ASX: RIO) was trading at $92.150, up 2.423% (at AEST 3:22 PM), with the market cap of ~$33.4 Bn. Its outstanding shares were reported at 371.22 Mn. Its 52-week high- and low-level stands at $106.922 and $68.169, respectively. It reported one-year return of 22.92%, and six months and three months returns of -9.57% and -13.05%, respectively.

Newcrest Mining Limited (ASX: NCM)

Known as one of the biggest gold mining entities worldwide, Newcrest Mining Limited (ASX: NCM) is involved in the activities associated with exploration of metals, mine development and operations and so forth.

The stock of Newcrest Mining Limited (ASX: NCM) was trading at $33.630, sliding down by 4.596% (at AEST 3:28 PM), with the market cap of ~$27.1 Bn. Its outstanding shares were reported at 768.84 Mn. Its 52-week high- and low-level stands at $38.870 and $19.185, respectively. It reported one-year return of 82.64%, and six months and three months returns of 37.32% and 9.64%, respectively.


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