These are the 20 best (and worst) ASX stocks since the market bottomed March 23
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After a superb run in the past few weeks the Australian share market this Tuesday made up its losses for the year.
Yesterday afternoon the All Ordinaries index was sitting at 6,864 points, up 61 points or 0.91 per cent since 2020 began.
Since the index hit an intraday low of 4,429.1 when the lockdowns began on March 23, the All Ords has rebounded a massive 54 per cent.
And none of the 500 components of the All Ordinaries index have done as well as Sezzle (ASX:SZL), which has been just, well, sizzling.
Shares in the US-based buy now, pay later company closed for 37c on March 23. Yesterday they were trading at $6.21, up almost 17-fold in just over eight months.
In contrast Afterpay (ASX:APT) shares are up “just” a little less than 11-fold in that time, going from $8.90 to $96.81.
Redbubble (ASX:RBL) has been the third-best All Ords performer since March 23, up 941 per cent as of yesterday. Shares in the marketplace for print-on-demand products are down from their October highs, however.
On the flip side, there are actually 22 companies in the All Ords that have lost ground since that March 23 crash.
Pure Foods Tasmania (ASX:PFT) is listed as the worst performer since then, but that’s based on a technicality. Until late April it was known as the Bunji Corporation and trading in its shares was suspended. Since it took over Bunji in a a reverse takeover, PFT shares are up more than fourfold.
Dacian Gold (ASX:DCN) shares are also down more than half from March 23, although they were suspended from trade at that time. The gold miner had to recapitalise itself in May after downgrading its resource estimate by 40 per cent.
Some blue-chip companies have had a tough time of it as well. Regenerative medicine company Avita Therapeutics (ASX:AVH) shares are down 17 per cent since March 23 and down 54 per cent for the year. Avita shares rose nearly eightfold in 2019, making them among the best-performing shares last year.
Former market darling A2 Milk (ASX:A2M) is also down nine per cent since March 23, and two per cent year-to-date.