AUS
NZ
UK
CA
USA
IND
Highlights
- Australian markets tend lower as Chinese lockdowns have become more common.
- Large cap stocks index, ASX50, is down over 1.76% by noon today (26 April).
Australian indices are bleeding in red since morning today and the ASX200 index is down 1.9% by mid-day (26 April). Chinese lockdowns seem to be cutting through the investor’s sentiments and giant companies like BHP, Woodside and others are trading down. In fact, the ASX50 index comprising of Australia’s large-cap equites is down about 1.767% by noon.
Covered in the story from the top 50 stocks on ASX are, CSL Ltd. (ASX:CSL), Telstra Corporation Limited (ASX:TLS) and Santos Limited (ASX:STO)
Note- share prices mentioned in the story are as of 26 April 2022, noon. All comparisons are made based on those prices.
CSL Ltd. (ASX:CSL)
CSL Limited is a healthcare segment large cap stock on the ASX, engaged in research and development, manufacturing and marketing of pharma and diagnostic products. Besides Australia, the company has facilities in Switzerland, UK and US. Recently, CSL had issued its bonds in the US markets.
As of Tuesday noon, CSL shares traded slightly lower compared to Friday’s close price. As of date the market capitalisation of CSL shares is AU$130.47 billion. Talking about price performance of CSL shares, in the last five days of trade on the ASX, CSL share price appreciated over 2.60%, gaining about 3.05% in a month’s time.
Telstra Corporation Limited (ASX:TLS)
Next is Telstra Corporation Limited from the telecom services sector. The telecom and information services major provides its services to mobile, internet and television users. Based out of Melbourne Telstra works for both retail and wholesale or organisational customers.
As at Tuesday noon, TLS share price traded in red, about 1.11% below previous close at AU$4.005 a share. Lacking any price sensitive announcements on the ASX, the tumbling share price seems to be impacted by the broader market downfall. As of date, TLS has a market capitalisation of AU$47.11 billion on the ASX. In terms of share price performance of TLS shares, have remained 0.37% lower over the last five days, while appreciating over 3.49% in a month.
Santos Limited (ASX:STO)
Santos Limited is a big-cap company from the energy sector on the ASX. Santos is an explorer and producer of gas and petroleum alongside LNG. The company is based out of Adelaide and is a globally recognised oil and gas major.
Turning towards its shares, on the ASX, despite any new announcements on the ASX, STO shares were tipping down about 3.80% by midday, to trade at AU$8.15 a share. The pull down seems to be coming from the dip in oil prices due to the anticipated lower demand from China. As of date, Santos Limited had a market capitalisation of AU$28.34 billion and its share price was down about 5.54% over the last five days. The share price has depreciated by about 1.26% in a month.
Snapshot of share price performance and dividend yield
The share price of companies used for performance and dividend yield computation are as of today noon on ASX.
Image Source © 2022 Kalkine Media ®
Data Source-ASX Website
All the three ASX50 stocks belong to diverse sectors and a comparison amongst the three is not possible. If seen distinctly, closest to its 52-week high price as of today, is Santos Limited’s share price. However, in the last five days of trade on the ASX, STO share price seems to have turned southwards, while CSL share price appears on a gaining streak.
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