These were the worst performing ASX 200 shares last week

These ASX 200 shares were sold off last week…

| More on:
Close up of a sad young woman reading about declining share price on her phone.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

sdf

Last week was a positive one for the S&P/ASX 200 Index (ASX: XJO) at last. The benchmark index rebounded from a selloff a week earlier to rise 1.9% over the period to end it at 7,120.2 points.

Unfortunately, not all shares were able to climb with the market. Here's why these shares were the worst performers on the ASX 200 over the period:

Boral Limited (ASX: BLD)

The Boral share price was the worst performer on the ASX 200 last week with a massive 36.1% decline. However, this decline was not driven by anything bad. Quite the opposite! This decline relates to Boral returning a total of $3 billion to shareholders following a series of asset sales. This led to Boral's shares trading ex-capital return on Friday for a total cash distribution of $2.72 per share. This comprises a $2.65 per share capital reduction and an unfranked dividend of 7 cents per share.

Ansell Limited (ASX: ANN)

The Ansell share price was a very poor performer and sank 16.8% over the five days. Investors were  selling this health and safety products company's shares after it downgraded its earnings guidance. Due to softening demand and COVID-related operational challenges, Ansell now expects its FY 2022 earnings per share to be between 125 US cents to 145 US cents. This is down materially from its previous guidance of 175 US cents to 195 US cents.

Hub24 Ltd (ASX: HUB)

The HUB24 share price was out of form and dropped 5.8% last week. This was despite there being no news out of the investment platform provider. One broker that would see this as a buying opportunity is Macquarie. A week earlier it upgraded HUB24's shares to an outperform rating with a $32.40 price target. This implies potential upside of over 25% for investors.

Codan Limited (ASX: CDA)

The Codan share price wasn't far behind with a 4.3% decline over the five days. This decline may have been driven by profit taking from some investors after a very strong gain in the previous week. That week, the Codan share price stormed higher despite the market selloff thanks to a very positive trading update.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Hub24 Ltd. The Motley Fool Australia has recommended Ansell Ltd. and Hub24 Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why ANZ, Clarity, IGO, and Pilbara Minerals shares are dropping today

These shares are ending the week in the red. But why?

Read more »

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why Aurelia Metals, Centuria Office, Meeka Metals, and Resolute shares are tumbling today

These shares are having a tough time on Thursday. Let's find out why.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Catalyst Metals, Coronado Global, and Pilbara Minerals shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Betr, Regis Resources, St Barbara, and Woodside shares are falling today

These shares are taking a tumble on Tuesday. But why?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why 4DS Memory, ASX, Betr, and Northern Star shares are tumbling today

These shares are starting the week in the red. But why?

Read more »

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

Why Accent, Cettire, Ioneer, and Pro Medicus shares are dropping today

These shares are ending the week in the red. What's going on?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Betmakers, Cettire, Johns Lyng, and Vulcan shares are falling today

These shares are having a tough session on Thursday. But why?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Austal, Beach Energy, Perseus, and Platinum shares are falling today

These shares are having a tough time on hump day. But why?

Read more »