Highlights
- The ASX 200 consumer staples sector is one of the worst-performing sectors on the ASX today.
- The consumer stocks are trading in red today due to the performance of the consumer sector.
The S&P/ASX 200 Consumer Staples sector (ASX:XSJ) was spotted trading 0.238% lower at 12952.2 at 3:14 PM AEST on the ASX today. This article focuses on four major consumer staple sectors of the ASX 200 index and tracks down their performance on the ASX today.
Wesfarmers Limited (ASX:WES)
The shares of Wesfarmers Limited (ASX:WES) were spotted trading 0.866% higher at AU$46.345 per share at 1:48 PM AEST on the ASX today (23 May). Approximately 738,000 shares of Wesfarmers were traded till now during today’s trading session on the ASX today.
The share price of Wesfarmers has fallen almost by 15% on the ASX over the past 12 months. On the other hand, Wesfarmers’ year-to-date share price also fell approximately by 23% at 1:48 PM AEST on the ASX today.
There is no significant announcement from Wesfarmers on the ASX today that could justify the share price movement of the company today. However, we assume that the share price of the ASX 200 Consumer Sector has impacted the share price of Wesfarmers.
Read more: WES, GMG, WOW, TCL: How are these ASX 200 giants performing today?
Woolworths Group Limited (ASX:WOW)
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The shares of Woolworths Group Limited (ASX:WOW) were spotted trading 1.414% lower at AU$34.85 per share at 2:03 PM AEST on the ASX today (23 May). Approximately 1.08 million shares of Woolworths were traded till now during today’s trading session on the ASX.
On 20 May 2022, Woolworths announced that it had signed a binding scheme implementation agreement with MyDeal (ASX:MYD). According to the agreement, Woolworths will acquire a controlling interest in MyDeal, de-listing the company from the ASX.
The share price of Woolworths has fallen approximately by 1% on the ASX over the past 12 months. On the other hand, Woolworths’ year-to-date share price also fell over 9% at 2:03 PM AEST on the ASX today (23 May).
Coles Group Limited (ASX:COL)
Image source: © Nilsversemann | Megapixl.com
The shares of Coles Group Limited (ASX:COL) were spotted trading 0.586% lower at AU$17.785 per share at 2:30 PM AEST on the ASX today (23 May). Approximately 1.02 million shares of Coles Group were traded till now during today’s trading session on the ASX.
The share price of Coles Group has gained almost by 7% on the ASX over the past 12 months on the ASX. On the other hand, Coles’ year-to-date share fell slightly by 1% at 2:30 PM AEST on the ASX today.
Endeavour Group Limited (ASX:EDV)
The share price of Endeavour Group Limited (ASX:EDV) was spotted trading 0.591% lower at AU$7.565 per share at 2:39 PM AEST on the ASX today (23 May). Approximately 1.04 million shares of Endeavour Group were traded till now during today’s trading session on the ASX.
The share price of Endeavour Group has gained approximately by 26% on the ASX over the past 12 months. On the other hand, Endeavour’s year-to-date share price also gained over 11% on the ASX today (23 May).
Endeavour Group currently showcases a healthy financial environment as the company recently paid a fully franked interim dividend of AU$0.125 per share to its shareholders in March 2022. In addition to that, the company reported strong results in the March quarter amidst the impacts of COVID-19 and weather events.
Read more: STO, IAG, TAH, EDV: How did these stocks perform today?