Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Here’s the best and worst performing ASX 200 share in March

It was a stellar month for the S&P/ASX 200 (ASX: XJO), rising 5.71% over March and is just down just 1.16% for the year.

Some companies bounced back to life, while others had share prices reverse.

Here was the best and worst-performing ASX 200 share during March.

1. Uniti Group Ltd (ASX: UWL)

It was an eventful month for fibre owner-operator Uniti Group, with the company receiving not one but two takeover bids.

The business received a $4.50 per share offer from Morrison & Co. However it was unlikely this would get across the line given the Uniti share price traded above this level in January.

Then Macquarie Infrastructure stormed in with a $5.00 per share bid. But Uniti had little interest given Macquarie also owns indirect competitor Vocus.

To prevent Macquarie from access to its books, Uniti negotiated with Morrison & Co to up its offer to $5.00 per share and lock in exclusive talks.

Could a third bidder emerge? Shareholders certainly hope so.

But the bid could also fall through, given it still remains non-binding.

Nonetheless, for ASX 200 investors who purchased in March, a 43% return is a very hand profit.

2. Nickel Mines Ltd (ASX: NIC)

The Nickel Mines shares price fell 18% in March after the global nickel market rocketed.

Why would the Nickel Mines share price go down if the price of Nickel is going up you may ask? 

Usually, this author avoids hyperbole, but this story is truly gobsmacking.

The largest nickel producer of Nickel Mines, Tsingshan was caught up in a short squeeze, which led to the nickel prices increasing 4-times in just two days.

In simple terms, Tsingshan had made a bet the Nickel market would go down.

The market went up, and so Tsingshan had to cover its position.

Except there wasn’t sufficient liquidity and Tsingshan had to keep purchasing contracts at an ever-increasing price only amplifying the losses.

Eventually, the London Metal Exchange paused trading. And the matter was resolved – somewhat controversially.

So how does this impact Nickel Mines? 

Tsignshan is Nickel Mines largest shareholder and buyer.

If Tsingshan became insolvent, there’s every chance Nickel Mines shares would need to be sold and it would have no buyer.

The aforementioned volatility also led to the company cancelling its share purchase plan, further disheartening shareholders.

The market is yet to be convinced that the volatility is over. And hence the Nickel Mines share price was the worst-performing ASX 200 share in March.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, Lachlan owns shares in Uniti.
Skip to content