Was it furniture? Was it footwear? Read on to find out which ASX retail share soared 27% last month.
The post These were the 5 best performing ASX retail shares in October appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) didn’t have a great month just gone. Over October, the ASX 200 managed to fall by about 0.1%, continuing the legacy that the tenth calendar month of the year often isn’t a great one for investors.
But some ASX shares fared far better than others. And the ASX retail shares sector was one that had more than a few winners. So, let’s check out the best performing ASX retail shares over October.
The 5 best performing ASX retail shares
Super Retail Group Ltd (ASX: SUL)
Super Retail Group is our first ASX retail share that managed to eke out a relatively successful October. For those of you who aren’t familiar with this company, it’s the name behind popular retail brands like Super Cheap Auto, BCF and Rebel Sport. Super Retail started the month at a share price of $12.21 and finished up at $12.93 a share last Friday. So, it enjoyed gains of 5.9% in October. Not bad, one could say.
Accent Group Ltd (ASX: AX1)
Accent Group is another ASX retail share that pleased investors last month. Accent is the company behind popular footwear stores like Platypus and The Athlete’s Foot. It started the month at $2.24 a share but finished up at $2.48 last Friday. That’s an October gain of 10.7%.
JB Hi-Fi Limited (ASX: JBH)
JB Hi-Fi is one of Australia’s most well-known retail brands and it had an October to match this reputation. JB is now a lot more than just a hi-fi store. It sells everything from vinyl records and TVs to fridges and other household appliances these days. This company started the month at $45.52 a share but finished up last week at $50.49, putting its gains for the month at a healthy 10.92%.
Lovisa Holdings Ltd (ASX: LOV)
Lovisa is our next cab off the rank. This discount jewellery retailer also had a rather successful month just gone. Lovisa shares were trading at a flat $19 at the end of September, but fast forward to last Friday, and it closed at $21.72. That’s a month-on-month gain of 14.3%.
Nick Scali Limited (ASX: NCK)
Our final and best performing ASX retail share for October is none other than furniture purveyor Nick Scali. It began the month at a share price of $11.36 and closed last Friday at $14.47. That’s an awesome gain of 27.4%. Investors can probably thank Nick Scali’s extremely well-received acquisition of Plush Think-Sofas for $103 million. The company announced the acquisition early last month and it appears to have led to a stellar month for the Nick Scali share price.
The post These were the 5 best performing ASX retail shares in October appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.