The S&P/ASX 200 is down 34 points at the time of writing to 6175, with players like Bellamy's Australia Ltd (ASX: BAL) and Platinum Asset Management Limited (ASX: PTM) dominating the declines.
But at the other end of the spectrum, these 5 companies have hit 52-week highs.
Scentre Group (ASX: SCG)
Shares in shopping centre leasing giant Scentre Group have been on the incline of late, up 18% from a mid-February low of $3.73 to sit at $4.41 at the time of writing.
UBS recently added Scentre Group to its model portfolio due to its forecast yield of around 5.4%, dropping Mirvac Group (ASX: MGR) as it was downgraded to sell, but picking up Treasury Wine Estates Ltd (ASX: TWE).
With little news out of Scentre of late we can only expect its continued success is due to favourable conditions in the retail market which has seen Premier Investments Limited (ASX: PMV) – a Scentre tenant – continue to book steady gains, with Premier shares up 27% in the last 12 months.
Woolworths Group Ltd (ASX: WOW)
Grocery giant Woolworths Group shares hit a 52-week high on June 28 when its share price rose to $30.63, only to slip back slightly at the time of writing to $30.60.
Woolworths provided an update to the market on June 21 that BP Australia would not proceed with its $1.8 billion plans to purchase its petrol business, as announced in late 2016, but the news failed to concern investors and the Woolworths share price continued its incline.
Woolworths shares have risen 19% in the last 12 months – up from $25.69 at this time last year to land at today's price
Wesfarmers Ltd (ASX: WES)
Fellow grocery store giant Wesfarmers Ltd shares hit a 52-week high yesterday with a share price close of $49.65.
Wesfarmers shares are down 0.3% to $49.47 at the time of writing.
Wesfarmers has had a solid run upwards since April, despite the issues caused by its UK hardware market expansion failure.
Most feel Wesfarmers is a bit overvalued for a buy-in at this point, but those already holding will likely be keen to see if prices can push up a bit higher before taking any profit.
Beach Energy Ltd (ASX: BPT)
Shares in oil and gas exploration and production company Beach Energy Ltd are up 0.6% to $1.87 at the time of writing – a 52-week high for the stock.
A strong year of performance has seen Beach shares rise 211% from its 60c per share price at this time last year.
Beach also announced a report into its reserves and contingent resources this week showing a 320% increase in 2P reserves clearly indicating a transformative year for the company.
Beach announced last month it had completed its acquisition of Toyota Tsusho's 5% interest in the Otway Gas Project and 11.25% interest in the BassGas Project with Beach now owning 100% of Otway.
Oil Search Limited (ASX: OSH) is also on a high today after a positive 24 hours of oil pricing.
Worleyparsons Limited (ASX: WOR)
Shares in resources and energy project consultancy company Worleyparsons opened at a 52-week high this morning at $18.00 but have dropped back slightly at the time of writing to sit at $17.89.
But its share price could hit the skids soon, after a report out of Reuters that Worleyparsons expects to take an additional charge of about $20 million to the groups income tax expense on account of legislation changes out of the US which will bring the total charge for FY18 to about $78.2 million to be excluded from underlying earnings.
