The S&P/ASX 200 Index (INDEXASX: XJO) shed $50 billion in value yesterday, with the benchmark Aussie index falling 2.25% lower while the All Ordinaries Index (INDEXASX: XAO) finished at 7,065.40 points.
No ASX sector was spared yesterday, with Energy (-4.11%) and Information Technology (-4.07%) the worst affected. Consumer Discretionary (-3.77%), Industrials (-3.15%) and Healthcare (-3.05%) were also hit hard in a disappointing day.
But amid the carnage, here are 3 ASX 200 shares that bucked the trend yesterday as the domestic equity market shed billions on the back of coronavirus concerns.
Why Newcrest Mining shares were among the ASX 200 gainers
The Newcrest Mining Limited (ASX: NCM) share price was one of the few ASX 200 shares to climb higher on Monday. Shares in the Aussie gold miner closed 5.05% higher at $30.17 as investors flocked to safety.
Newcrest was the biggest but not the only gold miner to climb higher as Saracen Mineral Holdings Limited (ASX: SAR) gained 7.40%. Concerns about the spread of coronavirus across the globe triggered a broad market sell-off and movement into gold.
Reliance Worldwide shares crash out after half-year result
The Reliance Worldwide Corporation Ltd (ASX: RWC) share price crashed more than 25% lower on Monday as the ASX 200 plumbing group posted a disappointing half-year result.
Reliance Worldwide achieved 5% growth over the prior corresponding period in net sales, to reach $569 million during the first half of FY20. The group's Americas segment reported particularly strong sales growth of 7%, while underlying like-for-like growth was 4.2%.
Net profit after tax (NPAT) came in at $50.1 million for the first half, while adjusted NPAT came in a $63.7 million.
Chorus profits see share price surge higher on a disappointing day
The Chorus Ltd (ASX: CNU) share price was one of the few ASX 200 shares to climb higher on Monday. Perhaps even more impressive is the fact that Chorus is a telco and not a gold miner like the other top 5 gainers.
The New Zealand-based group increased its guidance for FY 2020 despite flat revenue and earnings growth for the first half. ASX 200 telco's shares climbed 5.59% higher after increasing its full-year earnings before interest, tax, depreciation and amortisation (EBITDA) guidance to a new range of $640 million to $655 million, up from $625 million to $645 million.
