When times are tough and ASX 200 shares are volatile, it pays to not just focus on the negatives. With that in mind, here are 3 good news stories from the Aussie share market yesterday.
1. Afterpay Ltd (ASX: APT)
Despite being hammered lower in March, the Afterpay share price is seeing a resurgence this week. From a 52-week low of $8.01 on Monday, Afterpay shares are up a whopping 142.32% to yesterday’s closing price of $19.41 per share.
The buy now, pay later leader is perhaps the biggest sign of volatility in ASX 200 share prices right now. Whether or not it’s still in the buy zone, Thursday’s gains are a good news story for investors hoping to see a rebound.
2. Crown Resorts Ltd (ASX: CWN)
Crown shares surged 9.78% higher on Thursday as we saw signs that the worst of the coronavirus crash might be over for the Aussie gaming sector. Citigroup upgraded both Crown and Star Entertainment Group Ltd (ASX: SGR) to “buys” yesterday which sent both shares surging higher.
It was good news for shareholders and potentially a sign of good things to come for ASX 200 shares. While I think there are plenty of big days still to come, and Crown shares have shed 27.07% since the start of March, the turnaround is good news for investors.
3. Commonwealth Bank of Australia (ASX: CBA)
The CBA share price edged lower on Thursday but it was still good news for the Aussie economy. For one, it shows that some of the double-digit share price swings may be subsiding and we’re seeing less volatility in the Aussie blue-chip shares.
However, there was further good news from the nation’s largest banks. CBA (amongst other ASX 200 banks) are helping out Aussies by deferring home loan repayments for up to six months. The announcements will no doubt be a welcome relief to homeowners who are worried about their mortgage in the economic downturn.
It’s a bit of a scary world out there at the moment, but it pays to put things in perspective. The pandemic will pass and the ASX 200 will climb higher in the future.
Getting your finances in order and continuing to buy shares for the long-run is the key to success in these tough times.
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As of 17/3/2020
Motley Fool contributor Ken Hall owns shares of AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended Crown Resorts Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.