Letâs face it, not every ASX share brings excitement to market watchers.
The Aussie bourse is crawling with incredibly interesting businesses aspiring to change the world, or at least make a significant dint in their industries. As a result, itâs easy to overlook more traditional, arguably âboringâ, stocks.
But those that did overlook these companies in favour of more exciting entities might be kicking themselves now. Letâs take a look at three âboringâ ASX shares posting huge returns in 2022.
3 ‘boring’ ASX shares posting massive 2022 gains
Inflation, interest rate hikes, the war in Ukraine, continued COVID-19 impacts, oh my â 2022 has been a hectic year for markets.
In the big end of town, the S&P/ASX 200 Index (ASX: XJO) has slumped 5% this year. The benchmark All Ordinaries Index (ASX: XAO), meanwhile, has slipped 7%.
But Origin Energy Ltd (ASX: ORG) has had a buoyant year amid volatile energy prices and a recent takeover bid.
Of course, the utilities sector isn’t exciting to everyone. Still, the ASX utilities share has gained 50% since the final close of 2021.
As the above chart demonstrates, the Origin share price didnât truly kick off until last month. That was when suitors came knocking, offering the company $9 per share to take it off the market. That offer proved enough to grant the potential buyers due diligence.
Another perhaps dull ASX share outperforming this year is AMP Ltd (ASX: AMP). The 173-year-old financial institutionâs stock appears to have been driven by the divestment of its Collimate Capital businesses.
The AMP share price has gained 35% since the end of last year.
Collimate Capitalsâ domestic leg will be sold to Dexus Property Group (ASX: DXS), while its international business will go to DigitalBridge. AMP intends to return most of the proceeds to shareholders.
Finally, not many of us love going to the pharmacy, but shares in pharmaceutical distributor and wholesaler Sigma Healthcare Ltd (ASX: SIG) have been rocketing this year.
It comes as the healthcare stock works to enhance its operating performance and reduce debt. The company posted a $1.5 million loss for the six months ended July despite its revenue lifting 6% to $1.8 billion.
The Sigma share price has lifted 28% from its final close of 2021.
The post 3 âboringâ ASX shares with returns over 25% in 2022 appeared first on The Motley Fool Australia.
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More reading
- Why Air New Zealand, Chalice, Evolution, and Origin shares are rising today
- ASX index beaters: 5 shares that have supercharged portfolios in 2022
- Why did the AMP share price surge 8% in November?
- These 3 ASX 200 dividend shares led the pack in November. Hereâs why
- Why did the Origin share price rocket 41% in November?
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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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