When times are tough and S&P/ASX 200 Index (ASX: XJO) 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. Nine Entertainment Co Holdings Ltd (ASX: NEC)
The Nine share price rocketed higher on Monday after recording a jump in viewer numbers. Nine shares closed 11.70% higher at $1.05 per share in good news for shareholders. ASX 200 media companies have been under pressure in recent years with squeezed profit margins and increasing competition.
However, the coronavirus shutdown has drawn viewers back to their televisions. That’s good news for Nine, given advertising could become more valuable with more people watching the screen.
2. Nextdc Ltd (ASX: NXT)
The Nextdc share price closed 13.91% higher on Monday in another good day for the ASX 200 tech share. Nextdc owns and operates a number of data centres around Australia and could benefit from the COVID-19 shutdown.
More people working from home could drive companies to invest more in off-site data storage and security. With a $3.11 billion market capitalisation, I think Nextdc could be in the box seat to capture more of the market.
Shares in the ASX 200 tech group rocketed to a new 52-week high of $9.01 per share – a feat which is exceedingly rare right now.
3. JB Hi-Fi Limited (ASX: JBH)
The JB Hi-Fi price surged 10.54% higher on Monday to close at $26.85 per share. I think the coronavirus pandemic could spark an increase in JB Hi-Fi’s sales figures. More working from home means more workers investing in their home office setups. That’s good news for the ASX 200 retailer’s earnings and its share price has been climbing higher accordingly.
While the current bear market has been seeing shares fall lower, there are still good news stories amongst ASX 200 shares. While you have to be cautious, investing in high-quality companies for the long-term can pay dividends for your portfolio.
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Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Nine Entertainment Co. Holdings Limited. 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.
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