A2M, BGA, AHF: Why are these dairy stocks in focus today

May 30, 2022 04:38 PM AEST | By Ritwika
Follow us on Google News:

Highlights

  • ASX-listed dairy stocks have risen on Bubs’ export deal with the US Government. 
  • As a result, the stocks have garnered a lot of investors’ attention today. 

The Consumer Staples sector from the S&P/ASX 200 is one of the well-performing sectors on the ASX today. The S&P/ASX 200 Consumer Staples sector (ASX:XSJ) closed 1.490% higher at 12886.600 on the ASX today (30 May). 

The dairy stocks have skyrocketed on the ASX today after Bubs Australia Limited (BUB) shared an important update. Bubs’ infant formula products are recognised by the US FDA, and the company has secured an import deal with the Biden Government. This news has garnered investors’ attention to the majority of the dairy stocks on the ASX today. 

Furthermore, the S&P/ASX 200 index (ASX:XJO) closed 1.319% higher at 7277.500 on the ASX today (30 May).

This article primarily focuses on the performance of three major dairy stocks- The A2 Milk Company, Bega Cheese, and Australian Dairy Nutritionals and carefully analyses their performance on the ASX today.   

Image Source © 2022 Kalkine Media ®

The A2 Milk Company Limited (ASX:A2M) 

The shares of A2 Milk Company Limited (ASX:A2M) closed 10.416% higher at AU$4.770 per share on the ASX today (30 May). Approximately 11.6 million shares of A2 Milk were traded. 

The share price of A2 Milk has fallen almost by 13.59% on the ASX over the past 12 months. On the other hand, A2 Milk’s year-to-date share price also fell over 14.52% (as of 3:59 PM AEST on the ASX today, 30 May). 

Bega Cheese Limited (ASX:BGA) 

The shares of Bega Cheese Limited (ASX:BGA) closed 1.918% higher at AU$4.780 per share on the ASX today (30 May). More than 247k shares of Bega Cheese were traded. 

The share price of Bega Cheese has fallen approximately by 20% on the ASX over the past 12 months. On the other hand, Bega’s year-to-date share price also fell over 14% as of 3:59 PM AEST on the ASX today (30 May).

Also read: Bega (ASX:BGA) revenue jumps 113% despite COVID-19 disruptions

Australian Dairy Nutritionals Group (ASX:AHF) 

A2M, BGA, AHF share price

Image source: © Fahrwasser | Megapixl.com

The shares of Australian Dairy Nutritionals Group (ASX:AHF) closed 34.920% higher at AU$0.085 per share on the ASX today (30 May). More than 16 million shares of Australian Dairy Nutritionals were traded in the trading session. 

The share price of AHF has gained by 70% on the ASX over the past 12 months. On the other hand, the company’s year-to-date share price also gained by 41.67%. 

The company’s share price is driven by a significant announcement made last week. The board of Australian Dairy informed that it has successfully achieved the production of milk powder at its new infant formula plant. 

Read more: Fonterra (ASX:FSF) sets milk prices for FY23; shares gain


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK