Highlight:
- Australian stocks are showcasing a positive momentum on Thursday.
- The S&P/ASX200 is up, gaining 0.80% at the opening hour.
- Large cap equities index ASX50 is also up 0.63%.
- Few ASX blue-chip like Wesfarmers, Goodman Group and more are worth noticing.
The ASX200 is edging upwards today (28 April), up 0.98% at 7,332.00 at 10:24 AM AEST. Over the last five days, the market index has lost 3.13%. The ASX50 Index representing ASX-large cap equities and blue chips, is up 0.95% at 7,112.70 but, has lost 3.13% in past five days.
Out of the index constituents, covered here are Wesfarmers Ltd (ASX:WES), Goodman Group Ltd (ASX:GMG), Woolworths Group Ltd (ASX:WOW) and Transurban Group (ASX:TCL).
Note- Share prices mentioned in the story are as at noon of 27 April 2022. All comparisons are made based on it.
Wesfarmers Ltd (ASX:WES)
Coming from the fertiliser and chemical industry, Wesfarmers operates in retail, chemical, agricultural and industrial chemicals and industrial safety products segments. WES shares have recently attracted lot of attention to its 100% shares of Australian Pharmaceutical Industries Ltd (ASX:API). As claimed in media reports, Wesfarmers has now become the official owner of Australian Pharmaceutical Industries.
The stock has shed off 2.57% in past five days. In last six months, it has lost a considerable 17.04% and lost 19.13% on year-to-date (YTD) basis.
Today, the stock was spotted trading 0.703% higher at AU$48.700 per share at 10:57 AM AEST.
Woolworths Group Ltd (ASX:WOW)
Australian retail biggie, Woolies, is the next in line. Woolworths Group is mainly a supermarket chain owning company belonging to the consumer sector. A few days ago, Woolworths had declared a change to its dividend reinvestment plan. As of Thursday, at 10:40 AM AEST, Woolworths (ASX:WOW) share price was down 0.580%, at AU$37.670 apiece.
In past one month, the stock has gained 3.50%, but has gone down 2.48% in last six months. On YTD basis, the stock has lost 1.74%.
Goodman Group Ltd (ASX:GMG)
Next is Goodman Group, an Australian property group that owns, develops, manages real estate. GMG was spotted trading 0.528% lower at AU$23.505 per share at 10:45 AM AEST.
The stock has gained 1.13% in last five days, 5.47% in one month. YTD loss stands at AU$12.78% while in last one year, it has gained 23.1%.
Transurban Group (ASX:TCL)
Another notable ASX50 stock from the industrial sector, Transurban Group, owns and operates toll roads and transport systems. The stock is trading a bit higher today, up 0.141%, following the broader markets. TCL was trading at AU$14.180 per share at 10:57 AM AEST.
The stock has gone up 1.87% in last five days, and has gained 1.51% on YTD basis.
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