Former blue-chip stocks plunge into ASX’s worst performers list | Why Rio Tinto and Goodman Gro…

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Former blue-chip stocks plunge into ASX’s worst performers list

Just one year ago, CSL, Cochlear, WiseTech and Xero were among the 50 largest companies on the Australian sharemarket. Today, they are the worst-performing stocks on the benchmark index.

Together, these former heavyweights have haemorrhaged a massive $60 billion in market capitalisation, with the shares collapsing around 60 per cent over the last 12 months, taking the returns of Australia’s large-cap investors with them.

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