The S&P/ASX 200 Index (ASX: XJO) continues to crash lower, but some ASX 200 shares are holding their value. Check out some of the biggest names that are still in the positive in 2020.
Elders Ltd (ASX: ELD)
Elders shares fell 6.98% yesterday, but are still in the positive for the year. Shares in the agribusiness group are trading at $7.60 per share, up 17.47% in 2020. That's the only ASX 200 share that is up more than 10% despite the recent crash. However, the strong gains come on the back of declines in the latter half of 2019.
The group managed to avoid the worst of the recent Aussie bushfire season. In addition, the Elders share price has thus far held its value despite concerns over COVID-19. With a 2.35% dividend yield and a price-to-earnings (P/E) ratio of just 12.29 times, Elders could be good value right now.
Coles Group Ltd (ASX: COL)
Coles was one of the better-performing ASX 200 shares yesterday, only losing 1.06%. That may not sound great but in the context of a 9.70% market crash that's a big outperformance. The Aussie supermarket chain is in the spotlight right now amid the COVID-19 pandemic response.
Coles announced special hours for elderly customers and those with disabilities as panic buying continues to spread. We could see the retailer's earnings hold up better than others due to the significant stockpiling from Aussies across the country. The Coles share price is one of the best performing ASX 200 shares behind Elders this year.
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price is up 5.90% in 2020 and trading at $55.45 per share. Despite concerns over the COVID-19 outbreak, I think Domino's shares could hold up better than most. I can't see their supply chain being majorly disrupted like some other businesses in the ASX 200.
Domino's shares are doing well, but could do even better if Australia heads towards a lockdown situation – more people self-isolating could be good for food providers like Domino's, but it's too early to say right now.
I think the pizza company could be one of those ASX 200 shares that will not only hold its value but climb higher in 2020.
