How are these blue chip ASX stocks performing today?

The benchmark ASX 200 rose more than 0.88% by midday to 7,175.30 points, supported by the US market rally. With the majority of sectors in green, A-REIT and Information Technology stocks also rose. On the other hand, financials and health care stocks were losing. Alongside the broader market index, large-cap stocks indicated by the ASX 50 Index (XFL) also rose around 0.937% today.

With that in mind, let’s take a look at the performance of four ASX 50 stocks from the aforementioned sectors at midday today. QBE Insurance Group Limited (ASX: QBE), Sonic Healthcare Limited (ASX: SHL), REA Group Limited (ASX: REA) and Xero Limited (ASX:XRO).

QBE Insurance Group Limited (ASX: QBE)

QBE Insurance Group Limited is a dominant player in the Australian insurance industry. The insurance giant commands a market capitalization of A$18.89 billion. QBE shares traded in a 52-week range ranging from AU$10 to AU$12.88 each.

QBE stock price is up 0.08% today at midday. The underwriting and reinsurance company did not issue any stock market updates today. Its last announcement dates from yesterday, relating to a change of interest of the administrator and the conversion of securities linked to an employee profit-sharing plan. The two do not appear to have had a major impact on QBE’s share price. Earlier this month, QBE Insurance announced the latest performance update on the ASX, reflecting the growth over the previous year’s figures.

However, over the past five trading days, QBE’s stock price has gained more than 3% in parallel and on a YTD basis, the stock has gained around 7%.

Price development and dividend yield Wednesday noon

Source of images © 2022 Kalkine Media®

Sonic Healthcare Limited (ASX: SHL)

Shares of Sonic Healthcare traded on a strong midday, up 1.40%, outperforming the healthcare sector, which was in the red today.

Although Sonic Healthcare Limited has made no new announcements on ASX except for its daily buyback notice, its shares are rising. It has been on a winning streak over the past five days, up around 3%.

With a market capitalization of 17.13 billion shares, shares of Sonic Healthcare Limited are trading within the 52-week price range of A$32.12-46.95 per share.

REA Group Limited (ASX: REA)

Next is the property marketing company REA Group Limited. The stock is up today in line with its industry benchmark.

As of noon, REA’s share was above 2.58%. The company appears to be reversing the losses it incurred earlier this month following the release of its third quarter financial results. While the decline in the share price earlier appeared to be a profit-booking move by investors, stocks have moved back into the green.

Meanwhile, its market cap on ASX is A$14.36 billion and REA’s shares are trading within the 52-week price range of A$104.37-180.67 each.

Xero Limited (ASX: XRO)

Covered in the information technology sector is Xero Limited, the cloud-based accounting software provider. Xero Limited has a market capitalization of A$12.92 billion and its share price is quoted between A$75.8 and A$156.65 per share.

With no further announcements to date, XRO stock price gained 0.31%. His latest company announcement was related to the cessation of trading in its restricted stock units. Given this fact, the only push for today’s gains appears to be gains in the overall technology sector.

Meanwhile, XRO’s stock price has gained more than 6.3% over the past five trading days, reversing some of the losses recorded in recent years.

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