As anyone who has glanced at the markets today would know, this Tuesday has been a rather depressing day of trading for the S&P/ASX 200 Index (ASX: XJO). The ASX 200 finished the day down a nasty 1%. A fall of that nature will inevitably have some shares falling harder than others. But some ASX 200 shares have actually hit new 52-week lows as a result of today’s losses.
But as any value investor would tell you, market malaise over a company can sometimes be a compelling buying opportunity for the brave investors out there. Especially if said shares are of a high calibre.
So let’s check out five ASX 200 shares that hit new 52-week lows today.
5 ASX 200 shares hitting new 52-week lows today
GQG Partners Inc (ASX: GQG)
Funds management company GQG is our first share to check out today. This relative ASX newcomer had a shocker during today’s trading session. The company’s shares closed the session down by a nasty 7.28% at $1.40 apiece.
But, earlier, this share hit a new 52-week low of $1.38. GQG only listed on the ASX back in October last year, so this 52-week low is also an all-time low.
Xero Limited (ASX: XRO)
ASX 200 tech share Xero is well-known to investors now, thanks in part to its historic membership of the old WAAAX group of high-flying tech shares. Unfortunately, Xero’s flying patterns are more akin to Icarus’ these days. At market close, Xero’s share price finished at $98.49.
But the online accounting software company hit a low of $96.29 a share earlier this afternoon. As you might have gathered, that’s a new 52-week low for Xero, and more than 37% away from the company’s all-time high of $156.65 that we saw only back in November. But to put things in context, Xero only hit these sorts of levels for the first time in mid-2020.
Wesfarmers Ltd (ASX :WES)
The giant ASX 200 industrial and retailing conglomerate Wesfarmers is next up. This blue chip stalwart of the ASX also had a clanger today. It closed the session down 3.86% at $48.40 a share.
But Wesfarmers went as low as $48.14 soon after market open this morning, the company’s new low watermark. Again, we’ve come a long way from Wesfarmers’ last high of over $67 that we saw in August last year. Today’s fall has pushed the Wesfarmers dividend yield over 3.5%.
Zip Co Ltd (ASX: Z1P)
The ASX’s largest buy now, pay later (BNPL) pureplay, Zip Co was also in the doldrums today. This ASX 200 share saw a horrible 9.7% wiped off its share price today. It closed at $2.14.
But Zip went as low as $2.12 this afternoon, which is the company’s new 52-week low. What a year it’s been for Zip. The company is now down close to 83% from this time last year when Zip was commanding a share price north of $13.
Washington H. Soul Pattinson and Co Ltd (ASX: SOL)
Soul Patts is our final share that got washed today. The company’s losses were not too steep though, down 0.35% at $25.63 a share.
Saying that, this morning was more brutal, seeing this conglomerate descending as low as $25.21 a share — you guessed it, a new 52-week low. It was only in September last year that Soul Patts was more than $40 a share, so this has been a sharp fall from grace for this company.
The post Opportunity? 5 ASX 200 shares that traded at 52-week lows today appeared first on The Motley Fool Australia.
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More reading
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- The Wesfarmers (ASX:WES) share price just hit a new 52-week low. Is the smart money buying?
Motley Fool contributor Sebastian Bowen owns Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Washington H. Soul Pattinson and Company Limited, Xero, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Washington H. Soul Pattinson and Company Limited, Wesfarmers Limited, and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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