5 ASX 200 shares tumbling to 52-week lows today

The market was hit with a storm on Thursday as share prices across the boards tumbled. In the midst of the chaos several S&P/ASX 200 Index (ASX: XJO) favourites plunged to new 52-week lows.

The ASX 200 Index fell 2.99% over today’s session. The All Ordinaries Index (ASX: XAO) also suffered a 2.95% drop.

Let’s take a look at some of the ASX big-wigs trading at their lowest point in 12-months.

5 ASX 200 shares that fell to long-forgotten lows today

Zip Co Ltd (ASX: Z1P)

The embattled Zip share price wasn’t able to escape today’s carnage despite delaying the release of its results for the first half of financial year 2022.

After close yesterday, the buy now, pay later (BNPL) company announced that, rather than releasing its earnings today as planned, it will be dropping them on Monday morning.

The BNPL giant – while not technically a tech share – may have been caught up in today’s tech tumble.

The S&P/ASX All Technology Index (ASX: XTX) slumped 5.3% today while the S&P/ASX 200 Info Tech Index (ASX: XIJ) fell 6.4%.

As of Thursday’s close, the Zip share price is $2.08, 10.34% lower than it was at the end of yesterday’s session.

Earlier in the day, it hit its new 52-week low of $2.03.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s Pizza share price also had a rough trot today.

It followed on from yesterday’s 14% tumble, spurred by the release of the company’s first half earnings.

During the 6 months ended 31 December, Domino’s earnings before interest, tax, depreciation, and amortisation (EBITDA) and net profit after tax (NPAT) both fell 5%.

When the ASX closed today, the Domino’s share price was $80.52 – 6.51% lower than its previous close and the lowest its been in 52-weeks.

Xero Limited (ASX: XRO)

Another ASX 200 stock that’s likely been caught up in the troubling day for tech shares is Xero.

It’s share price fell 5.47% today to close at $93.21.

In the meantime, it slumped to an intraday – and 52-week – low of $91.81.

Boral Limited (ASX: BLD)

This building products and materials company wasn’t luckily enough to dodge today’s drama.

The Boral share price fell to a 52-week low of $3.58 today, where it finished the session – representing a 1.65% fall.

Unfortunately, the company’s stock has been trading at and around 12-month lows since it tumbled 41% after a capital return and its ex-dividend date earlier this month.

Though, if investors could ever pick a good reason for their shares’ value to fall, a capital return is probably it.

Wesfarmers Ltd (ASX: WES)

Finally, ASX 200 giant Wesfarmers saw its share price hit a 52-week low of $47.44 on Thursday.

Though, it bounced back slightly to close at $47.75, representing a 2.23% slump.

There’s been no news from the conglomerate this week. However, the market bid the company’s stock down 7% last Thursday after COVID-19 battered its half year earnings.

The post 5 ASX 200 shares tumbling to 52-week lows today appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Xero and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Wesfarmers Limited and Xero. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. 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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