SCG, FPH, WTC, SUN: How are these stocks faring today on ASX?

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SCG, FPH, WTC, SUN: How are these stocks faring today on ASX?

SCG, FPH, WTC, SUN share price
Image source: © Mehaniq | Megapixl.com

Highlights

  • The ASX 200 index has managed to retain its position in the green territory today.
  • Businesses have begun to recover from the pandemic and are grabbing investors' attention.  

The ASX200 index has been consistently maintaining its position in the green territory on Wednesday afternoon. The S&P/ASX200 index (ASX:XJO) was spotted trading 0.86% higher at 7173.7 at 1:55 PM AEST on the ASX today (18 May).

In this article, we have chosen four big players from the ASX 200 index from multiple sectors- Scentre, Fisher & Paykel, WiseTech, and Suncorp and analysed their performance on the ASX. All these companies have made a strong 'come back' to their business as the world recovers from the COVID-19 pandemic.

Scentre Group (ASX:SCG) 

The shares of the ASX-listed real estate company, Scentre Group (ASX:SCG), were spotted trading 2.972% higher at AU$2.945 per share at 1:45 PM AEST on the ASX today (18 May).  

On 12 May 2022, Scentre released its operational updates, which reflected a strong performance by the company in the post-COVID-19 recovery phase. Peter Allen, the CEO of Scentre, said that his company experienced a sharp rise in visitation rate sales in the last four months (January to April) compared to the pre-pandemic stage.

Furthermore, the company collected about AU$800 million in gross rent in the given period and completed 536 lease deals in total.

As a result, the shares of Scentre were traded heavily on the ASX. Approximately 4.5 million shares of Scentre Group were traded till now during today's trading session on the ASX.

Meanwhile, the S&P/ASX 200 Real Estate sector (ASX:XRE) was spotted trading 1.643% higher at 3335.2 at 2:13 PM AEST on the ASX today.

Read more: GMG, SCG & DXS: Three top ASX REITs on investors’ watchlist

Fisher & Paykel Healthcare Corporation Limited (ASX:FPH) 

SCG, FPH, WTC, SUN share price

Image source: © Ipopba | Megapixl.com

The shares of the ASX-listed healthcare company Fisher & Paykel Healthcare Corporation Limited (ASX:FPH) were spotted trading 1.81% higher at AU$19.12 per share at 1:57 PM AEST on the ASX today (18 May).

Meanwhile, the S&P/ASX 200 Health Care sector (ASX:XHJ) was spotted trading 0.234% higher at 40683.4 on the ASX today.

Although there is no announcement from the company today, we assume that the upward share price movement was due to the overall good performance of the sector itself.

WiseTech Global Limited (ASX:WTC) 

The shares of the ASX-listed tech company WiseTech Global Limited (ASX:WTC) were spotted trading 1.397% higher at AU$40.985 per share at 2:09 PM AEST on the ASX today (18 May).

There was no significant announcement from the company today that could justify the share price movement of WiseTech. However, the overall performance of the ASX Information Technology sector could be responsible for WiseTech to trade in green.

The S&P/ASX 200 Information Technology sector (ASX:XIJ) was spotted trading 1.106% higher at 1480.3 at 2:35 PM AEST on the ASX today (18 May).

Furthermore, WiseTech recently distributed a fully franked dividend worth AU$0.047 per share to its eligible shareholders based on its earnings during the COVID-19 lockdowns. Now that businesses are recovering from the pandemic, investors' might be expecting better earnings from the tech giant.

Read more: WTC, SUN, RHC, RMD: Why are these stocks grabbing investors’ attention?

Suncorp Group Limited (ASX:SUN) 

SCG, FPH, WTC, SUN share price

Image source: © Anyaberkut | Megapixl.com

The shares of the ASX-listed insurance company Suncorp Group Limited (ASX:SUN) were spotted trading 0.493% higher at AU$12.22 per share at 2:21 PM AEST on the ASX today (18 May).

The S&P/ASX 200 Financial sector (ASX:XFJ) was spotted trading 0.169% higher at 6628.6 at 2:43 PM AEST on the ASX today (18 May). The upward movement of Suncorp Group's share price was probably driven by the excellent performance of the overall financial sector on the ASX today.

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