The S&P/ASX 200 Index (ASX: XJO) is having a rather dreary finish to the week so far this Friday. At the time of writing, the ASX 200 has lost 0.82% and is back under 7,100 points.
With a move of this nature, it’s perhaps no surprise that many ASX 200 shares are feeling the burn and hitting new 52-week lows today. We take a look at five here.
5 ASX 200 shares touching new 52-week lows today
Australia and New Zealand Banking Group Ltd (ASX: ANZ)
ANZ is an ASX 200 share well known to most Australians. But its shares are not having a great time of it today. ANZ is currently down by 0.98% at the time of writing. It hit a low of $25.09 around midday today. That is the company’s new 52-week low. In some good news, this has pushed the ANZ dividend yield up to 5.6% for any new investors today.
Magellan Financial Group Limited (ASX: MFG)
ASX 200 fund manager Magellan has had a pretty awful 12 months, no way around it. From its star stock picker Hamish Douglass taking a leave of absence, to record fund outflows, the bad news just seems to keep coming.
Today is unfortunately no different, with Magellan hitting a new low point of $15.18 a share after lunch today. Magellan is currently asking $15.47 a share at the time of writing. Again, this has resulted in the company’s trailing dividend yield exploding to more than 14.5%.
Super Retail Group Ltd (ASX: SUL)
Super Retail Group, the ASX 200 company behind Rebel, Super Cheap Auto, and BCF, is next up. This company has not escaped the market’s woes today and is currently down by 1.85% to $10.61 a share. The stock hit a new low of $10.46 earlier in the trading session. This retailer has now lost 16% so far in 2022.
Pendal Group Ltd (ASX: PDL)
Another fund manager, Pendal Group, is next. This ASX 200 share has also had a painful day, losing more than 2% so far. The company is currently at $4.33 a share but descended as low as $4.29 just after midday. Market volatility is seldom good news for a fundie like Pendal. It has now lost 25% since the start of the year.
Zip Co Ltd (ASX: Z1P)
Our final ASX 200 share is none other than Zip Co. Zip is now the ASX’s largest buy now, pay later (BNPL) company after its rival Afterpay was absorbed by Block Inc (ASX: SQ2) earlier this year. But this is cold comfort to investors.
Zip has lost a depressing 11% so far this Friday and has plumbed new depths at $1.64 a share. This is the company’s new 52-week low. That puts Zip’s 12-month performance at a dismal 83.5%. Some investors have not taken kindly to Zip’s plans to acquire fellow BNPL share Sezzle Inc (ASX: SZL).
The post 5 ASX 200 shares slumping to 52-week lows on Friday appeared first on The Motley Fool Australia.
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More reading
- Why Magellan, Nick Scali, Qantas, and Zip shares are tumbling today
- ASX 200 (ASX:XJO) midday update: Block, Zip tumble, QBE’s asset sale
- Why is the ANZ (ASX:ANZ) share price getting battered more than the other banks this week?
- The CSL (ASX:CSL) share price is falling today, but here’s what investors can look forward to next week
- The 14% discount offered on the Zip (ASX:Z1P) share purchase plan has now vanished. What now for investors?
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. owns and has recommended Super Retail Group Limited and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Super Retail Group 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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