News
ASX 200 stocks hitting fresh 52-week highs and lows – Week 18
Mon 29 Apr 24, 10:51am (AEST)
Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 12
By
Kerry Sun
Mon 18 Mar 24, 11:19am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- The real estate sector has surged over 30% from October lows, with recent weeks witnessing a trend of stocks marking fresh 52-week highs
- Performance within the financial sector is showing signs of divergence as bank stocks sell off while asset managers and insurers maintain relative strength
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
Real Estate: 7 Highs, 0 Lows
Financials: 6 Highs, 0 Lows
Technology: 5 Highs, 0 Lows
Discretionary: 4 Highs, 0 Lows
Materials: 3 Highs, 2 Lows
Industrials, Healthcare: 1 High, 0 Lows
Staples: 0 Highs, 0 Lows
Energy: 0 Highs, 1 Low
Communication Services: 0 Highs, 2 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.
What Does the Data Tell Us
Financials crossroads: Banks sold off sharply last week after Macquarie said it was "Underweight everything" under its banks coverage. "Banks are trading at peak multiples without a clear fundamental reason. We downgrade all banks under coverage to Underperform," the analysts said in a note dated 13 March. Despite banks tumbling from recent peaks, sectors such as wealth management and insurance continue to hold up relatively well
Real Estate power: Most large cap real estate stocks are up around 30% from October lows. However, it's only recently that a broader set of names started to hit 52-week highs. Could this be a sign that a group advance is underway?
What kind of pullback: The ASX 200 fell 2.25% last week, yet several 52-week highs stocks held up relatively well (most of the tech, materials and discretionary names have experienced a modest pullback). The looming question remains: Can these stocks sustain a calm and supported pullback, or are we on the verge of rapid unraveling?
Real Estate Stocks at 52-week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
HMC Capital | $7.29 | Real Estate | 4.0% | 90.3% | |
Ingenia Communities | $5.07 | Real Estate | -2.1% | 44.9% | |
Stockland | $4.85 | Real Estate | 3.0% | 24.0% | |
Scentre Group | $3.34 | Real Estate | 1.5% | 16.4% | |
Centuria Industrial Reit | $3.57 | Real Estate | 4.4% | 15.9% | |
Charter Hall Group | $13.46 | Real Estate | 3.5% | 14.4% | |
Homeco Daily Needs Reit | $1.32 | Real Estate | 2.3% | 10.0% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 15 March 2024 close
Everything Else
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Metcash | $3.89 | Consumer Staples | 2.9% | 2.4% | |
Breville Group | $27.44 | Discretionary | -1.2% | 43.6% | |
Wesfarmers | $67.12 | Discretionary | 0.1% | 36.7% | |
Aristocrat Leisure | $44.30 | Discretionary | -4.7% | 27.6% | |
Premier Investments | $30.62 | Discretionary | 3.5% | 15.8% | |
Netwealth Group | $20.38 | Financials | 1.1% | 54.0% | |
Pinnacle Investment Management | $11.32 | Financials | -0.5% | 41.9% | |
Suncorp Group | $15.79 | Financials | 1.4% | 30.0% | |
Medibank Private | $3.84 | Financials | 0.0% | 17.1% | |
Macquarie Group | $197.71 | Financials | -0.5% | 12.5% | |
Block Inc | $123.68 | Financials | 6.1% | 10.2% | |
Polynovo | $2.33 | Health Care | -2.5% | 14.2% | |
Reliance Worldwide | $5.63 | Industrials | -1.1% | 65.6% | |
Sandfire Resources | $8.39 | Materials | 6.3% | 48.0% | |
Brickworks | $30.05 | Materials | -3.4% | 29.7% | |
Orica | $17.25 | Materials | 0.6% | 12.4% | |
Megaport | $15.40 | Technology | 1.9% | 247.6% | |
Audinate Group | $23.31 | Technology | 3.2% | 164.0% | |
Life360 Inc | $12.16 | Technology | -1.5% | 145.7% | |
Xero | $135.15 | Technology | 1.1% | 51.1% | |
Wisetech Global | $94.43 | Technology | -2.0% | 48.0% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 15 March 2024 close
ASX 200 stocks at 52-week lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
TPG Telecom | $4.52 | Communication Services | -2.8% | -10.7% | |
Nine Entertainment | $1.68 | Communication Services | 1.5% | -13.2% | |
Woodside Energy | $29.86 | Energy | -1.2% | -6.5% | |
Sims | $11.80 | Materials | -3.0% | -20.6% | |
Coronado Global | $1.22 | Materials | -10.3% | -30.9% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 15 March 2024 close
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