News
Evening Wrap: ASX 200 bounces as copper and uranium stocks soar, plus lithium's big day out
Mon 29 Apr 24, 5:45pm (AEST)
Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 15
By
Kerry Sun
Mon 08 Apr 24, 10:43am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Gold miners are soaring as prices for the underlying commodity hit another all-time high of US$2,300 an ounce
- Insurance stocks continue to benefit from the resurgence on bond yields
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
Materials: 8 Highs, 2 Lows
Financials: 7 Highs, 0 Lows
Real Estate: 5 Highs, 0 Lows
Energy: 4 Highs, 0 Lows
Discretionary: 3 Highs ,1 Low
Industrials: 3 Highs ,1 Low
Staples: 1 High, 0 Lows
Communication Services: 0 Highs, 1 Low
Health Care, Technology: 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
The three insurance majors (Suncorp, QBE Insurance and IAG) have continued to trend higher, buoyed by rising bond yields (the US 10-year yield is currently trading at the highest level since November 2023).
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Hub24 | 41.62 | Financials | -0.6% | 54.2% | |
Virgin Money | 4.11 | Financials | 0.2% | 51.7% | |
Suncorp Group | 16.25 | Financials | -1.5% | 32.9% | |
Insurance Australia Group | 6.4 | Financials | -0.6% | 29.6% | |
QBE Insurance Group | 17.98 | Financials | -0.7% | 20.6% | |
Bendigo and Adelaide Bank | 10.11 | Financials | 0.3% | 17.2% | |
Macquarie Group | 194.98 | Financials | -1.5% | 9.4% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at 5 April 2024
Materials stocks at 52-week highs
Gold stocks are soaring as prices for the underlying commodity have soared almost 13% in the past six weeks.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Red 5 | 0.385 | Materials | 5.5% | 113.9% | |
Ramelius Resources | 1.95 | Materials | 8.0% | 45.5% | |
Sandfire Resources | 8.74 | Materials | 1.5% | 39.0% | |
West African Resources | 1.315 | Materials | 12.4% | 29.6% | |
Bluescope Steel | 23.69 | Materials | 3.0% | 20.3% | |
Northern Star Resources | 14.87 | Materials | 4.5% | 14.5% | |
Orica | 18.08 | Materials | 1.3% | 13.8% | |
Capricorn Metals | 5.19 | Materials | 1.0% | 8.8% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at 5 April 2024
Real estate stocks at 52-week highs
Real estate stocks kicked off last week with strength, but many have since experienced a 2-5% decline in response to higher bond yields.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Goodman Group | 32.33 | Real Estate | -2.5% | 68.4% | |
Scentre Group | 3.28 | Real Estate | -2.4% | 16.3% | |
Stockland | 4.72 | Real Estate | -0.8% | 14.3% | |
Arena Reit | 3.78 | Real Estate | -1.8% | 1.9% | |
Vicinity Centres | 1.985 | Real Estate | -5.5% | -0.8% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at 5 April 2024
Other sectors and stocks at 52-week highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Harvey Norman | 4.84 | Discretionary | -4.2% | 30.5% | |
Wesfarmers | 66.62 | Discretionary | -1.4% | 29.7% | |
Lovisa | 31.28 | Discretionary | -3.5% | 21.2% | |
Paladin Energy | 1.42 | Energy | 4.0% | 129.0% | |
Ampol | 41.28 | Energy | 4.6% | 34.2% | |
Beach Energy | 1.895 | Energy | 7.1% | 26.3% | |
Viva Energy | 3.8 | Energy | 3.0% | 19.5% | |
Computershare | 26.2 | Industrials | 1.0% | 19.4% | |
Aurizon | 3.98 | Industrials | 0.0% | 18.5% | |
Brambles | 15.88 | Industrials | -1.2% | 16.7% | |
Elders | 9.83 | Staples | 5.5% | 16.2% | |
Origin Energy | 9.28 | Utilities | 2.2% | 12.4% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at 5 April 2024
ASX 200 stocks at 52-week lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
TPG Telecom | 4.46 | Communication Services | 1.1% | -11.7% | |
IDP Education | 17.23 | Discretionary | -1.8% | -38.7% | |
IPH | 5.92 | Industrials | -2.5% | -19.9% | |
Orora | 2.21 | Materials | -17.2% | -31.3% | |
Coronado Global | 1.155 | Materials | -3.8% | -29.1% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at 5 April 2024
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