Top 10 ASX stocks impacted by the Coronavirus

As the Coronavirus crisis intensifies and global markets tumble, we look at ten of the potentially most impacted stocks listed on the ASX.

ASX 200 at a glance

It’s been a brutal couple of days for local investors.

When the market opened today, the ASX 200 fell another 163 points – adding to its approximately 160 point loss from the day prior. Even gold stocks, which performed strongly during Monday’s sell-down, couldn’t escape the bearish atmosphere today, falling in step with other equities.

And though the blue-chip benchmark managed to claw back some of its early losses before 12:00 AEDT, the ASX 200 remained firmly in the red, hovering around the 6,892 point mark a little after noon.

Go long or short on Australian and international indicies with an IG Trading Account now.

With all this in mind, below we examine some of the most impacted stocks on the Aussie market over the last two days.

The bearish side: travel, tech and wine

Travel stocks were always going to be impacted by the Coronavirus threat – the question was simply by how much.

Yesterday, we got some idea of by how much: Webjet's (ASX: WEB) share price fell 8.29%, Flight Centre's (ASX: FLT) stock fell 4.94% and Sydney Airport (ASX: SYD) actually saw its stock close flat (though its share price fell today).

As part of Webjet’s first-half results, for example, the company noted that it expected the Coronavirus to impact H2 earnings, with the company reducing second-half EBITDA estimates by $7 million to $15 million, as a result.

Flight Centre's management took a more sweeping approach, noting that Corporate and Leisure Travel; as well as Cross Hotels and Resorts 'could be affected' by the Coronavirus.

Yet the full extent of this impact remains hard to fully quantify, management noted, saying:

'It is impossible to predict the virus's impact on our business or on leisure and corporate travel in general at this early stage.’

Treasury Wine Estates (ASX: TWE), which relies heavily on the Chinese wine market, has also seen its stock sold down strongly in recent weeks. Though the first catalyst of this decline was an earnings downgrade, volatile price action around the stock looks to have been compounded by the spread of the Coronavirus.

Namley, as we wrote previously and citing research from Morgan Stanley, TWE’s growth prospects:

‘Remains offset against two key risks, including: the potential for further guidance downgrades off the back of the coronavirus threat and “management turnover” risk.’

Finally, and as Bell Potter wrote today, 'technology and airline shares in particular were under significant pressure [overnight], with Apple and Microsoft losing around 4.5%.’

The Aussie market’s proclivity for following the US was on full show here, as the ASX FAANG equivalents (WAAAX stocks) fell steeply in the opening hours of trade – though many of these stocks sharply rebounded as the day wore on.

Afterpay (ASX: APT) dropped before rebounding, the same applied to Appen (ASX: APX), with its stock in the green around noon, after the company reported a robust set of FY19 growth figures, while Wisetech Global (ASX: WTC) continued its downward trajectory, falling as much as 4.60% during the morning session.

Are you bullish or bearish on equities? Practice your trading strategies with an IG Demo Account or trade for real with an IG Trading Account now.

The ‘less’ bearish side: gold stocks

Though travel and tech stocks have been some of the worst hit in the last few days; as investors look to hedge against growing uncertainty, some of the most prominent ASX-listed gold stocks have been pushed higher.

Yesterday, Saracen Mineral (ASX: SAR) rose 7.3%, Regis Resources (ASX: RRL) added 4.4%, and Newcrest Mining (ASX: NCM) ran up 5%.

Yet even this side of the market looks marred by volatility, today most of those gold stocks fell into the red.

The markets, after all, are endlessly surprising.


Denne informasjonen har blitt forberedt av IG Europe GmbH og IG Markets Ltd (begge IG). I tillegg til disclaimeren nedenfor, inneholder ikke denne siden oversikt over kurser, eller tilbud om, eller oppfordring til, en transaksjon i noe finansielt instrument. IG påtar seg intet ansvar for handlinger basert på disse kommentarene og for eventuelle konsekvenser som et resultat av dette. Ingen garanti gis for nøyaktigheten eller fullstendigheten av denne informasjonen. Personer som handler ut i fra denne informasjonen gjør det på egen risiko. Forskning gitt her tar ikke hensyn til spesifikke investeringsmål, finansiell situasjon og behov som angår den enkelte person som mottar dette. Denne informasjonen er ikke utarbeidet i samsvar med regelverket for investeringsanalyser, så derfor er denne informasjonen ansett å være markedsføringsmateriale. Selv om vi ikke er hindret i å handle i forkant av våre anbefalinger, ønsker vi ikke å dra nytte av dem før de blir levert til våre kunder. Se fullstendig disclaimer og kvartalsvis oppsummering.

Realtidskurser på våre mest populære markeder

  • Valuta
  • Aksjer
  • Indekser
Selg
Kjøp
Oppdatert
%-Endring
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Selg
Kjøp
Oppdatert
%-Endring
-
-
-
-
-
-
-
-
Selg
Kjøp
Oppdatert
%-Endring
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Kursene ovenfor er underlagt nettstedets vilkår og betingelser. Kursene er kun veiledende. Alle aksjekurser er forsinket med minst 15 minutter.

Kanskje du også er interessert i...

Beregne dine potensielle tradingkostnader med vår transparente avgiftstruktur.

Finn ut hvorfor så mange kunder velger oss og hva som gjør oss til en verdensledende leverandør innen CFDer.

Være forberedt på kommende markedsbegivenheter med vår økonomiske kalender.

CFDer er komplekse instrumenter som innebærer stor risiko for raske tap på grunn av giring. 76 % av alle ikke-profesjonelle kunder taper penger på CFDer hos denne leverandøren. Du burde tenke etter om du forstår hvordan CFDer fungerer og om du har råd til den høye risikoen for å tape penger. Profesjonelle kunder kan tape mer enn sitt opprinnelige innskudd. Opsjoner og turbowarranter er komplekse finansielle instrument og du risikerer kapitalen din. CFDer er komplekse instrumenter som innebærer stor risiko for raske tap på grunn av giring.