News
Evening Wrap: ASX 200 belted on further rate cut delay woes, gold stocks smashed, uranium stocks soar
Wed 01 May 24, 5:45pm (AEST)
Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – 14
By
Kerry Sun
Tue 02 Apr 24, 10:36am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Financials (insurers and fund administrators) and materials (gold miners) lead with notable 52-week highs
- Telcos including TPG and Telstra are facing lows after an underwhelming February reporting season
Welcome back to the 52-week Series – A recap of ASX 200 stocks that have tagged a fresh yearly highs and lows in the past week.
52-Week Highs and Lows by Sector
Financials: 9 Highs, 0 Lows
Materials: 7 Highs, 3 Lows
Real Estate: 6 Highs, 0 Lows
Discretionary: 5 Highs, 1 Low
Industrials: 4 Highs, 2 Lows
Technology: 3 Highs, 0 Lows
Energy: 3 Highs, 0 Lows
Staples: 1 High, 0 Lows
Communication Services: 1 High, 3 Lows
Healthcare: 0 Highs, 0 Lows
Why do 52-Week Highs and Lows Matter
Here are some of the key points our first 52-Week article:
A research thesis by Thomas J. George and Chuan-Yang Hwang titled The 52-Week High and Momentum Investing concludes that stocks nearing their 52-week high tend to outperform in the future, surpassing the predictive power of past returns.
US trader Mark Minervini also notes that “when you see a growing number of names in a particular industry making new 52-week highs (especially coming off a market low), this could be an indication that a group advance is underway.”
1851 Capital Chief Investment Officer Chris Stott says the numbers are useful in helping to determine which stocks have the momentum to keep making fresh highs. The data is used to identify continuous winners and generate fresh ideas.
Financials at 52-week highs
Insurance companies, propelled by leveraged higher rates and premium growth, alongside fund administrators, benefiting from promising prospects for flows and equity markets, have been consistently reaching fresh 52-week highs for several months.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Netwealth Group | $ 21.12 | Financials | -0.8% | 58.7% | |
Virgin Money | $ 4.11 | Financials | 4.1% | 56.9% | |
Hub24 | $ 42.42 | Financials | 1.6% | 55.4% | |
Pinnacle Investment Management | $ 11.63 | Financials | -0.3% | 50.3% | |
Insurance Australia Group | $ 6.40 | Financials | 0.6% | 36.2% | |
Suncorp Group | $ 16.38 | Financials | 1.4% | 35.8% | |
QBE Insurance | $ 18.13 | Financials | 2.6% | 24.8% | |
Bendigo and Adelaide Bank | $ 10.25 | Financials | 2.7% | 17.8% | |
Macquarie Group | $ 199.70 | Financials | 0.1% | 16.3% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Thursday, 28 March close
Real Estate stocks at 52-week highs
Since November lows, most large cap real estate stocks have surged by 30-50%, with the sector enjoying ongoing advantages from stabilising bond yields and asset devaluations.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Goodman Group | $ 33.81 | Real Estate | 9.1% | 81.2% | |
Charter Hall | $ 13.75 | Real Estate | 1.4% | 25.0% | |
Stockland Ordinary | $ 4.85 | Real Estate | 1.3% | 24.0% | |
Scentre Group | $ 3.39 | Real Estate | 1.2% | 23.7% | |
Arena Reit | $ 3.97 | Real Estate | 5.0% | 10.0% | |
Vicinity Centres | $ 2.13 | Real Estate | 2.9% | 8.1% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Thursday, 28 March close
Materials stocks at 52-week highs
Gold stocks are running hot as prices for the underlying commodity hit another all-time high of US$2,265 an ounce on Monday.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Red 5 | $ 0.38 | Materials | 7.0% | 162.1% | |
Ramelius Resources | $ 1.86 | Materials | 7.5% | 51.2% | |
Sandfire Resources | $ 8.89 | Materials | 2.3% | 41.6% | |
West African Resources | $ 1.20 | Materials | 9.1% | 23.7% | |
Bluescope Steel | $ 23.85 | Materials | 4.0% | 20.5% | |
Northern Star Resources | $ 14.47 | Materials | 5.5% | 20.3% | |
Orica | $ 18.26 | Materials | 4.3% | 19.9% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Thursday, 28 March close
Other Sectors at 52-week highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Car Group | $ 36.08 | Communication Services | 1.0% | 63.3% | |
Light & Wonder Inc | $ 160.02 | Discretionary | -0.8% | na | |
Lovisa | $ 33.37 | Discretionary | 2.7% | 41.4% | |
Harvey Norman | $ 5.15 | Discretionary | 2.6% | 38.4% | |
Webjet | $ 8.83 | Discretionary | 1.6% | 26.7% | |
Premier Investments | $ 32.81 | Discretionary | 7.9% | 25.5% | |
IDP Education | $ 17.92 | Discretionary | -2.8% | -34.1% | |
Beach Energy | $ 1.84 | Energy | 4.6% | 30.6% | |
Ampol | $ 39.79 | Energy | -2.0% | 30.1% | |
Viva Energy | $ 3.70 | Energy | 2.5% | 21.7% | |
Reliance Worldwide | $ 5.75 | Industrials | 0.5% | 55.8% | |
Brambles | $ 16.15 | Industrials | 5.2% | 20.2% | |
Aurizon | $ 4.00 | Industrials | 1.3% | 17.7% | |
ALS | $ 13.13 | Industrials | -2.5% | 8.2% | |
A2 Milk | $ 6.25 | Staples | 1.8% | 7.8% | |
Life360 Inc | $ 13.09 | Technology | -1.1% | 174.4% | |
NextDC | $ 17.79 | Technology | 1.4% | 73.8% | |
Xero | $ 133.32 | Technology | -1.5% | 50.2% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Thursday, 28 March close
Communication Services at 52-week lows
Telcos are facing continued pressure following a lackluster February reporting season. TPG, in particular, reported first-half revenue and adjusted net profits that fell short of analyst expectations, attributed to increased debt costs and weaker-than-anticipated subscriber growth.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Telstra | $ 3.86 | Communication Services | 1.9% | -8.1% | |
TPG Telecom | $ 4.51 | Communication Services | -0.2% | -6.6% | |
Spark New Zealand | $ 4.37 | Communication Services | -2.0% | -5.6% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Thursday, 28 March close
Everything Else at 52-week lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Atlas Arteria | $ 5.33 | Industrials | -0.7% | -16.7% | |
IPH | $ 6.31 | Industrials | 1.3% | -14.7% | |
Coronado Global | $ 1.25 | Materials | 0.8% | -22.8% | |
Lynas Rare Earths | $ 5.69 | Materials | -2.4% | -10.3% | |
Arcadium Lithium | $ 6.78 | Materials | -3.1% | na |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Thursday, 28 March close
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