JHX, TPG, SQ2, DXS: How did these ASX large caps perform today?

3 min read | April 05, 2022 09:27 AM BST | By Sukriti Nair

Highlights

  • ASX closed today merely 0.2% higher as RBA maintained its rates on the same level.
  • Block Inc. from technology sector remained the top gainer for the day rising over 6%.

The ASX200 closed about 0.2% higher today (5 April 2022), up almost 14.2 points at 7527.9. The key influencing factor for the trade session today remained the RBA meeting where the apex bank decided not to make any changes in rates.

During the intraday trading session, the ASX200 touched a high of 7573.4 points. The closing adjustments were mainly influenced by the interest rate expectations and the actual decision.

Out of the ASX200 stocks covered in this story are large cap stocks listed on the ASX, namely, James Hardie Industries Plc (ASX:JHX), TPG Telecom Limited (ASX:TPG), Block Inc. (ASX:SQ2) and Dexus Property Group (ASX:DXS).

James Hardie Industries Plc (ASX:JHX)

James Hardie Industries Plc is dual-listed building materials company that manufactures and markets fibre cement building materials. On the ASX, JHX has a market capitalisation of AU$17.93 billion as of date.  

In the last one-months’ time JHX share price has advanced merely 0.02%. However, as of today (5 April 2022) JHX shares closed the trade session at AU$41.94 a share, gaining over 4.5% on its previous close. The share remained a top gainer on the ASX though were no major announcements by the company today.

TPG Telecom Limited (ASX:TPG)

TPG Telecom Limited is a well-known Australian telecommunication business engaged provision of internet, mobile and fixed line services to residential users and business customers like small and medium enterprises (SMEs), large corporate enterprises, wholesale clients and even government entities.

TPG shares closed trade at AU$6.13 a share, gaining about 1.32% in the day. Meanwhile in the last 30 days of trade on the ASX, TPG share price has appreciated by around 10.09%. 

Also see- ASX expected to rise. ASIC is taking action against Macquarie Bank

Block Inc. (ASX:SQ2)

Formerly known as Square Inc, popularly the company behind twitter remined the top gainer on the ASX today, where its Chess trade under the name of Block Inc. (ASX:SQ2).  The company was in news even on the American bourses for the news of Elon Musk acquiring a sizable stake in Twitter. The price rally on the ASX seems to be a continuation of the same. Block Inc. being a fintech company, its share price also got a push from the tech sector rally today.

As of date SQ2 shares closed trade at AU$191.44 a share, up over 6.22% today from previous close. In a month’s time SQ2 share price has gone up by a notable 39%. 

Related Read- Block Inc. (ASX:SQ2) shares rally as ASX tech sector picks up

Dexus (ASX:DXS)

Formerly known as DEXUS Property Group, this comany is another large-cap stock listed on the ASX. The company primarily manage, own and develops Australian real estate assets and has a portfolio of retail, office, industrial and other properties.

As of Tuesday’s trade close, DXS share price remained on the losing end, losing about 1.27% on its previous close to last exchange hands at AU$10.87 a share. In a month’s time DXS share price has merely grown 3.7%.

Summary of share price performance

Share price performance as of 5 April 2022

Image Source © 2022 Kalkine Media ®

Data Source-ASX Website

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