Seven ASX 200 stocks that had a lacklustre week

Highlights

  • The benchmark index, ASX 200, has delivered a decent return of 1.87%, last closing at 7,320.7.
  • Sealink was the biggest loser, shedding 13.91% last week.
  • Other ASX 200 losers were DMP, NAN, URW etc.

The week ended 8 October 2021 was a fairly volatile one for investors. The benchmark index, ASX 200, delivered a decent return of 1.87% during the week, last closing at 7,320.7 on Friday. Despite a decent closing, a good chunk of the ASX 200 stocks ended the week in red.

Stock prices flashing on a trading screen

Image Source: © Embe2006 | Megapixl.com

Let us have a look at seven ASX 200 stocks that disappointed investors last week with their negative returns.

Read More: Five ASX penny stocks that started October with a bang

  1. Dominos Pizza’s Enterprises Limited (ASX:DMP)

The largest pizza chain in Australia, Dominos Pizza enjoys a global presence. The ASX-listed entity has a market capitalisation of AU$12.08 billion. Last week, the DMP share price fell 6.47% to AU$142.18, as of Friday, further dragging 1-month return to negative 11.14%

On 28 September 2021, the company announced that it has appointed senior executives to align its leadership with a twin-region structure focused on opportunities in Europe and the APAC region, which didn’t help much with the company’s share price fall.

  1. com Limited (ASX:KGN)

Australian e-commerce giant Kogan.com also witnessed a lacklustre week. A spike in bond yields has had a direct impact on all technology-based businesses, making them to turn lower last week.

KGN shares tumbled 5.2% to AU$10.02 in the week ended 8 October 2021. The stock has lost almost half of its value this year, delivering a negative 48.4% YTD return.

  1. Unibail-Rodamco-Westfield Limited (ASX:URW)

Unibail-Rodamco-Westfield is a European real estate company, having a market capitalisation of AU$13.4 billion. The company’s shares fell 3.89% to AU$4.94 last week but recovered from the low of AU$ 4.76.

The firm’s 1H FY21 results didn’t seem to impress investors, released during September end. Revenue from commercial partnerships fell US$11.5 million to US$13.4 million as US operations took a beating due to the ongoing COVID-19 pandemic.

  1. Nanosonics Limited (ASX:NAN)

Nanosonics was also one of the laggards that weighed on the benchmark index last week. The company’s shares took a hit of 6.72% and ended the Friday’s session at AU$5.69, dragging its market capitalisation to AU$1.72 billion.

The stock has closed below its 20-week moving average, which is not a good sign for bulls. However, there is a strong support present around AU$5-mark.

  1. Sealink Travel Group Limited (ASX:SLK)

Sealink Travel Group provides tourist and travel services in Australia, having a market capitalisation of AU$1.62 billion. Sealink saw its share price tumble by a sizable 13.91% last week, closing Friday’s session at AU$7.49

SLK seems to have reversed its uptrend, as the stock has closed at the lowest level since March 2021, with an above average weekly volume of 5.62 million shares.

  1. Polynovo Limited (ASX:PNV)

Polynovo is a Melbourne-based medical devices manufacturer. The company’s shareholders sold off a chunk of shares last week, putting a decent pressure of 5.14% for the week ended 8 October. The PNV share price last closed at AU$1.76.

In September 2021, the company’s COO made an exit after which shareholders’ sentiments have taken a hit. As a result, the stock price has consistently fallen since then. 

  1. Magellen Financial Group Limited (ASX:MFG)

Australian investment manager Magellen Financial’s share price has delivered a negative return of 3.69%, despite a sharp recovery of around 5.57% on Friday. The stock ended last week at AU$33.9, with a market capitalisation of AU$5.94 billion.

MFG’s funds under management report for September showed that there had been a net outflow of AU$1.52 billion, majority of which was from the institutional side. The retail outflows stood at around AU$617 million.

Bottom Line

The above-mentioned stocks from the ASX 200 closed the week on a negative note, despite the benchmark index closing with a decent gain of 1.87%. The underperformance this week may not be an indication of the same to continue next week, therefore investors should make their investment decisions with proper due diligence.             

Read More: Five ASX penny stocks that started October with a bang

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK