NWS, URW, ORG, NST: How are these ASX shares performing today?

3 min read | April 01, 2022 01:25 PM AEDT | By Ashish

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NWS, URW, ORG, NST: How are these ASX shares performing today? — Image source: © Kineticimagery | Megapixl.com

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Highlights

The ASX 200 has largely remained weak ever since 2022 started. However, March turned out to be the best month for the ASX since November 2020.

In the first 15 minutes of today’s opening, the ASX 200 index trading 0.35% or 26.5 points lower at 7,494.8.

Investors would be looking for some positive trigger for the domestic market to rebound going ahead.

The Australian share market opened on a weak note Friday, after closing in the red on yesterday. In the first 15 minutes of opening, the ASX 200 index trading 0.35% or 26.5 points lower at 7,494.8. The benchmark is down as energy stocks weighed on the market after crude prices fell with US releasing its emergency oil reserves on account of geopolitical risks. The broader market has largely remained weak ever since 2022 started, except March, which has turned out to be the best month for the ASX since November 2020. Investors would be looking for some positive trigger for the domestic market to rebound going ahead.

On this note, let’s discuss how these four ASX-listed shares are performing today:

News Corp (ASX:NWS)

News Corporation is a diversified media related services company.

By 11:15 AM (AEDT), the media stock was trading at AU$30.16, down 1.21%. The stock is down over 6% on a year-to-date (YTD) basis.

For the three months ending December 2021, News Corp achieved record revenues and the highest profit of any quarter since the company was formed in 2013. Revenues surged 13% to AU$2.72 billion, compared with AU$2.41 billion for the prior corresponding period (pcp). Net income stood at AU$262 million, compared with AU$261 million in the pcp.

Unibail-Rodamco-Westfield (ASX:URW)

Unibail-Rodamco-Westfield is a global operator of shopping centres.

By 11:15 AM (AEDT), the infratructure stock was trading at AU$4.98, down 1.19%. The stock is down nearly 1% on a year-to-date (YTD) basis.

Last week, the company’s share price saw a correction after a rebalance in ASX indices was announced earlier in March. The rebalance that was effective from March 21, saw URW being replaced in the ASX 200 benchmark index by Home Consortium Ltd (ASX:HMC).

Origin Energy Ltd (ASX:ORG)

Origin Energy is an integrated energy company, engaged in energy retailing, power generation, and natural gas production businesses.

By 11:15 AM (AEDT), the energy stock was trading at AU$6.28, up 0.72%. The stock is up nearly 17% on a year-to-date (YTD) basis.

For the first half of financial year 2022, the company’s underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 4.8%, despite its underlying net profit after tax (NPAT) rising 18%. The company announced a net after-tax loss of AU$131 million.

Northern Star Resources Ltd (ASX:NST)

Northern Star Resources is an Australian gold mining company with operations in Western Australia and Alaska.

By 11:15 AM (AEDT), the mining stock was trading at AU$10.61, down 1.21%. The stock is up nearly 13% on a year-to-date (YTD) basis.

In the first half of FY2022, Northern Star Resources reported a 63% rise in revenue to AU$1,807 million in the first half compared to the previous half year, mainly driven by higher gold volumes. The company’s board also announced a fully franked interim dividend of 10 cents per share.

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