3 ASX 200 shares defying Friday’s sell-off to surge higher

The S&P/ASX 200 Index (ASX: XJO) is finishing Friday on a whimper as it’s down 2.98% over the last five days and down 1.36% since the market opened this morning.

Some of the biggest shares listed on the ASX 200 are in a slump this afternoon, putting downward pressure on the index.

Some marquee names being painted with a red brush include BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA), down 2% and 0.79%, respectively, for the day.

But some shares refuse to be pushed down this afternoon. Let’s cover some of the winners.

Tabcorp Holdings Limited (ASX: TAH)

Shares of TAB, a well-known gambling entertainment company, are up by a bit at a 3.46% gain.

Meanwhile, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) is down 0.44%.

There’s no news today from ASX 200 share TAB to report on, but yesterday morning it published notice of its annual general meeting, which will take place on 26 October in Brisbane.

Shareholders can vote on the re-election and election of three non-executive directors, among other resolutions.

Computershare Limited (ASX: CPU)

ASX 200 tech share Computershare is up 3.47% for the day.

That’s above the S&P/ASX 200 All Technology Index (ASX: XTX), as it has made a 0.97% loss so far on Friday.

On Wednesday, Computershare’s shares made it to the top of the leaderboard of the ASX 200’s top performers.

Computershare’s resilience could be buoyed by its results in FY22. Notably, it expects an earnings per share (EPS) growth of 55% for FY23.

Reliance Worldwide Corporation Ltd (ASX: RWC)

Reliance Worldwide is up the least of the three, but with a no less impressive 2.92% gain.

At the same time, the S&P/ASX 200 Industrials Index (ASX: XNJ) is struggling at a 2.17% loss.

Reliance Worldwide published an investor presentation yesterday that contained a trading update for its August group sales.

The update highlighted that all of its regional operating segments saw considerable growth from the previous corresponding period, including the America region, which saw sales lift from 33% to 62%.

The post 3 ASX 200 shares defying Friday’s sell-off to surge higher appeared first on The Motley Fool Australia.

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More reading

• Why Computershare, Critical Resources, Judo Capital, and Platinum shares are charging higher
• 3 blue-chip ASX 200 shares touting the highest dividend yield in September
• Here are the top 10 ASX 200 shares today
• Guess which ASX 200 share is holding firm amid today’s carnage
• 3 ASX 200 directors who have been selling shares in their companies this week

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Reliance Worldwide Corporation Limited. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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