- The S&P/ASX200 closed up on Monday, gaining 72.70 points or 1.11% to 6,612.60.
- All 11 sectors ended higher along with the S&P/ASX 200 Index. Energy was the best performing sector.
- Blue-chip stocks, part of ASX100 index have also advanced today
Australian shares are shining brighter in the new week. The Australian market indicator- ASX 200 index has advanced 1.11% towards the end of the trading session today (4 July). All eleven sectors closed in green with energy and A-REITs leading the rally. Even Aussie blue-chip stocks, included in the ASX100 index, are up by 1.04%. In backdrop of this gaining stride, let’s take a look at how ASX-listed blue chip stocks Woodside Petroleum Limited (ASX:WDS), Santos Limited (ASX:STO), Washington H. Soul Pattinson and Company Limited (ASX:SOL), and Origin Energy Ltd (ASX:ORG) are performing.
Note- prices mentioned in the story are as of 4 July 2022, 2 PM AEST.
Woodside Petroleum Limited (ASX:WDS)
The former Woodside Petroleum Limited which is now Woodside Energy Group Ltd (ASX:WDS), is trading 3.24% stronger today.
The company has been in news this year for its merger with BHP Group’s (ASX:BHP) petroleum division. Though today, Woodside has not issued any announcements on the exchange, WDS share price has still climbed up. It seems to be tracking the broader market rally being pushed mainly by energy stocks. Another fact is that sanctions on Russia for its Ukraine invasion have opened doors for the Aussie energy suppliers.
As per media reports, outlook for prices of energy commodities is to remain strong while west relies on Russian energy alternatives. Notably, the Russian invasion began in February and in last six months WDS share price has gained more than 38%.
Santos Limited (ASX:STO)
Energy giant Santos Limited’s share price has also gained 3.328% by afternoon today. It is another oil and gas explorer whose shares are zooming up despite any major announcements. While oil and gas prices are dipping today, STO share price is standing strong. Being an energy sector, blue-chip and having an international presence, Santos shares are often on investor’s radar. It is noteworthy that in past six months STO share price has advanced over 9%.
Washington H. Soul Pattinson and Company Limited (ASX:SOL)
Investment company Washington H. Soul Pattinson and Company Limited is listed under the energy industrial group on ASX. Even SOL share price has gained 2.698% today. While the company has gained sharply today, in last six months, it has lost more than 21%. According to media reports, there has been volatility in a lot of its underlying stocks, which tend to influence SOL share price. The most prominent one being Brickworks (ASX:BKW).
Origin Energy Ltd (ASX:ORG)
Another energy sector major on the gaining side today on ASX200 index, is Origin Energy Limited. ORG share price is up over 1.14% today. Origin energy shares have only advanced 4.78% in six months. ORG share price seems to be tracking the energy sector trend. Another factor that has been recently attracting investors towards ORG shares is the company’s efforts to decarbonise their business. Investors are seemingly looking up to Origin energy as a stable bet in the green energy space, since it is already a blue-chip company.