These ASX 200 giants are unlocking new lows on Friday

Person with thumbs down and a red sad face poster covering the face.

Person with thumbs down and a red sad face poster covering the face.

By now, most investors would be aware of the awful end to the trading week that ASX 200 shares are suffering through this Friday. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has plunged by a depressing 2.3% to back down around 6,550 points.

These falls have predictably bought some new share price lows to the ASX today. So let’s take a look at three ASX 200 shares that have just unlocked some new low points for their share prices.

3 ASX 200 shares hitting new lows today

Sonic Healthcare Limited (ASX: SHL)

Sonic is our first ASX 200 share worth a look at today. This ASX 200 healthcare share has taken a beating today. At present, Sonic shares are down a nasty 2.4% this session to $29.60 each. But earlier today, Sonic sank as low as $29.43. That’s a new 52-week low for the company.

It’s also the lowest Sonic shares have been since the dark days of the 2020 COVID crash. Sonic healthcare shares are now down 35.85% year to date.

Lottery Corporation Ltd (ASX: TLC)

Lottery Corp shares have only been on the ASX 200 in their own right for a few months. The company was spun out of Tabcorp Holdings Limited (ASX: TAH) back in May. But it’s been a baptism by fire for this gaming share. Since its ASX debut, Lottery Corp shares have fallen by close to 11%.

Today, the company has taken a depressing 3.8% hit, which puts it down to the present price of $4.18. This morning saw the company descend to just $4.11 per share, which is Lottery Corp’s new 52-week low.

TPG Telecom Ltd (ASX: TPG)

Our final ASX 200 share to check out today is telecom company TPG. TPG shares are down 2.31% so far this Friday, putting the telco at $4.86 a share. That’s just a whisker off of the low of $4.85 that TPG saw this morning. That’s also the new 52-week low for the company.

It’s been a brutal month or so for TPG, which has seen its share price decline by more than 27% since 17 August. The company is now down by 17.7% year to date in 2022 thus far.

The post These ASX 200 giants are unlocking new lows on Friday appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of September 1 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare Limited and TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/RotgYpJ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s