NWS, URW, ORG, NST: What’s the latest on these ASX shares?

3 min read | May 06, 2022 12:05 PM AEST | By Ashish

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NWS, URW, ORG, NST: What’s the latest on these ASX shares? — Image source: © Stbernardstudio | Megapixl.com

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Highlights

The Australian share market has remained volatile throughout this week.

After rebounding on Thursday, the Australian share market was back in the red at open on Friday.

In such a scenario, investors are closely tracking shares with encouraging developments around them.

The ASX 200 has traded on an uncertain note throughout this week on account of concerns around interest rate hike and geopolitical tensions. After rebounding on Thursday, the Australian share market tumbled at open on Friday.

The benchmark index plummeted 2.02% or 148.5 points to 7,216.2 in the first 15 minutes of trading. Similarly, the ASX All Ordinaries index dipped 2.13% to 7,476.4. The volatility index also rose 13.56% to 16.58.

In such a scenario, investors would closely track shares with encouraging developments around them to provide the much-needed security to their investment portfolios.

On this note, let’s discuss the recent updates released by a few ASX-listed companies:

News Corp (ASX:NWS)

News Corporation is a diversified media related services company.

On 6 May 2022, the media firm reported its financial results for the third quarter of FY2022. The company reported a record 7% rise in revenue to AU$2.49 billion. The media giant boosted its net income in the quarter to AU$104 million, an 8% increase compared to AU$96 million in the prior year.

Unibail-Rodamco-Westfield (ASX:URW)

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

The commercial real estate company on 28 April 2022 announced its Q1 2022 trading update. The company’s turnover during the period was up 34.2% compared to Q1 2021. Unibail’s tenant sales recovered further during the period and reached 93% of 2019 levels in Q1 and 95% in March.

Origin Energy Ltd (ASX:ORG)

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

The energy stock hit a 52-week high of AU$7.08 on 4 May 2022. It was the highest price hit by the company’s shares since February 2020. The major reason behind this massive spike is believed to be an over 1% hike in global crude oil prices. The coal prices also have risen by over 8% globally.

Northern Star Resources Ltd (ASX:NST)

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

On 3 May 2022, Northern Star Resources announced the Mineral Resource and Ore Reserve update for the 12 months ended 31 March 2022. The company reported Mineral Resource growth of 4.3Moz from exploration.

Commenting on the Mineral Resource and Ore Reserve update, Northern Star’s Managing Director Stuart Tonkin said, “Our ongoing exploration success highlights the significant opportunity that exists within our Tier-1 asset portfolio to grow the gold resource base, particularly through the extension of known mineralisation at depth at KCGM. We continue to focus our exploration efforts on extending mine lives and developing our three production centres.”

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