How do these ASX blue chip stocks work?
The ASX200 is up slightly today (April 28), up 0.98% at 7,332.00 at 10:24 AM AEST. Over the past five days, the stock index has lost 3.13%. The ASX50 index representing ASX large cap stocks and blue chips, is up 0.95% at 7,112.70 but is down 3.13% over the past five days.
Among 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).
To note- Stock prices referenced in the story are as of noon on April 27, 2022. All comparisons are made on this basis.
West Farmers Ltd (ASX: WES)
Originating from the fertilizer and chemical industry, Wesfarmers operates in the retail, chemical, agricultural and industrial chemical, and industrial safety product segments. Shares of WES have recently drawn a lot of attention to its 100% shares of Australian Pharmaceutical Industries Ltd (ASX:API). As the media claim, Wesfarmers has now become the official owner of Australian Pharmaceutical Industries.
The stock has lost 2.57% over the past five days. Over the past six months, it has lost 17.04% and 19.13% since the start of the year (YTD).
Today, the stock was spotted up 0.703% at AU$48,700 per share at 10:57 AM AEST.
Woolworths Group Ltd (ASX: WOW)
Australian retail giant, Woolies, is next. Woolworths Group is primarily a supermarket chain holding a consumer-owned business. A few days ago, Woolworths announced a change to its dividend reinvestment plan. As of 10:40 a.m. AEST on Thursday, Woolworths (ASX:WOW) stock price was down 0.580% to AU$37.670 each.
Over the past month, the stock has gained 3.50%, but has fallen 2.48% over the past six months. Since the start of the year, the stock has lost 1.74%.
Goodman Group Ltd. (ASX: GMG)
Next is Goodman Group, an Australian real estate group that owns, develops and manages real estate. GMG was spotted down 0.528% at AU$23.505 per share as of 10:45 a.m. AEST.
The stock has gained 1.13% over the past five days, 5.47% in one month. The loss since the beginning of the year amounts to AU$12.78 while over the past year it has gained 23.1%.
Transurban group (ASX: TCL)
Another notable industrials ASX50 stock, Transurban Group, owns and operates toll roads and transportation systems. The stock is trading a little higher today, up 0.141%, following the broader markets. TCL was trading at AU$14.180 per share as of 10:57 a.m. AEST.
The stock has risen 1.87% in the past five days and gained 1.51% on a YTD basis.
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