How are these stocks doing today on the ASX?
The ASX200 index consistently maintained its position in green territory on Wednesday afternoon. The S&P/ASX200 Index (ASX:XJO) was spotted up 0.86% at 7173.7 at 1:55 p.m. AEST on the ASX today (May 18).
In this article, we have chosen four big names in the ASX 200 index from several sectors – Scentre, Fisher & Paykel, WiseTech and Suncorp and analyzed their performance on the ASX. All of these companies have made a strong comeback in business as the world recovers from the COVID-19 pandemic.
Scentre Group (ASX:SCG)
Shares of ASX-listed property company Scentre Group (ASX:SCG) were spotted up 2.972% at AU$2.945 per share at 1:45 p.m. AEST on the ASX today (May 18) .
On May 12, 2022, Scentre released its operational updates, which reflected the company’s strong performance in the post-COVID-19 recovery phase. Peter Allen, CEO of Scentre, said his company had seen a surge in visit rate sales over the past four months (January to April) compared to the pre-pandemic phase.
In addition, the company collected approximately A$800 million in gross rent during the reporting period and entered into 536 rental contracts in total.
As a result, Scentre shares traded heavily on the ASX. About 4.5 million shares of Scentre Group have been traded so far in today’s trading session on the ASX.
Meanwhile, the S&P/ASX 200 real estate sector (ASX:XRE) was spotted up 1.643% at 3335.2 at 2:13 p.m. AEST on the ASX today.
Read more: GMG, SCG and DXS: three of the best ASX REITs on the Investor Watch List
Fisher & Paykel Healthcare Corporation Limited (ASX: FPH)
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Shares of the ASX-listed healthcare company Fisher & Paykel Healthcare Corporation Limited (ASX:FPH) were spotted up 1.81% at AU$19.12 per share at 1:57 p.m. AEST on the ‘ASX today (May 18).
Meanwhile, the healthcare sector S&P/ASX 200 (ASX:XHJ) was spotted up 0.234% today at 40683.4 on the ASX.
Although there is no announcement from the company today, we assume that the upward movement in the share price was due to the overall good performance of the sector itself.
WiseTech Global Limited (ASX:WTC)
Shares of ASX-listed technology company WiseTech Global Limited (ASX:WTC) were spotted up 1.397% at AU$40.985 per share at 2:09 p.m. AEST on the ASX today (May 18).
There were no significant announcements from the company today that could justify the movement in WiseTech’s share price. However, the overall performance of the ASX information technology sector could be responsible for WiseTech trading green.
The information technology sector S&P/ASX 200 (ASX:XIJ) was spotted up 1.106% at 1480.3 at 2:35 p.m. AEST on the ASX today (May 18).
Additionally, 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 shutdowns. Now that companies are recovering from the pandemic, investors could expect better earnings from the tech giant.
Read more: WTC, SUN, RHC, RMD: Why are these stocks attracting the attention of investors?
Suncorp Group Limited (ASX:SUN)
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Shares of ASX-listed insurance company Suncorp Group Limited (ASX:SUN) were spotted up 0.493% at AU$12.22 per share at 2:21 p.m. AEST on the ASX today ( May 18).
The S&P/ASX Financials 200 (ASX:XFJ) was spotted up 0.169% at 6628.6 at 2:43 p.m. AEST on the ASX today (May 18). The upward movement in Suncorp Group’s share price was likely driven by the strong performance of the broader financial sector on the ASX today.