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Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 23
By
Kerry Sun
Tue 11 Jun 24, 10:27am (AEST)
Source: Shutterstock
Stocks in article
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: 7 Highs, 0 Lows
Healthcare: 3 Highs, 0 Lows
Materials: 3 Highs, 0 Lows
Technology: 3 Highs, 0 Lows
Real Estate: 2 Highs, 0 Lows
Staples: 1 High, 0 Lows
Industrials: 1 High, 1 Low
Energy: 1 High, 1 Low
Discretionary: 0 Highs, 1 Low
Utilities, Telcos: 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.
What Does the Data Tell Us
Financials rally: The S&P/ASX 200 Financials Index finished at an all-time high last Friday, up around 12.5% year-to-date. The sector has been outperforming several reasons including soaring equity markets (bullish for funds administrators and fund managers like Hub24 and Pinnacle), high bond yields (a tailwind for insurers) and better-than-expected bank earnings from names like Bendigo Bank
Selective strength: A few stocks from Healthcare, Real Estate and Technology are returning to 52-week highs but that strength has been relatively selective and catalyst driven (e.g. Telix positive clinical study results and US IPO plans, Fisher & Paykel and Technology One delivered better-than-expected earnings last month)
Financials at 52-week highs
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Hub24 | $44.08 | Financials | 3.01% | 74.71% | |
Pinnacle Investment Management | $13.31 | Financials | 0.99% | 44.99% | |
National Australia Bank | $35.23 | Financials | 3.89% | 39.80% | |
Bendigo and Adelaide Bank | $11.29 | Financials | 3.29% | 35.21% | |
Commonwealth Bank | $125.55 | Financials | 5.03% | 31.05% | |
Insurance Australia Group | $6.56 | Financials | 5.81% | 28.38% | |
QBE Insurance | $18.58 | Financials | 4.38% | 23.95% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 7 June close
ASX 200 stocks at 52-week highs
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Whitehaven Coal | $8.03 | Energy | -0.37% | 25.47% | |
Pro Medicus | $125.87 | Health Care | 4.79% | 99.54% | |
Telix Pharmaceuticals | $17.45 | Health Care | -3.86% | 69.75% | |
Fisher & Paykel | $28.07 | Health Care | 3.20% | 30.56% | |
Qube Holdings | $3.69 | Industrials | 2.79% | 29.93% | |
West African Resources | $1.54 | Materials | 0.33% | 72.47% | |
Perseus Mining | $2.48 | Materials | 5.53% | 33.33% | |
South32 | $3.87 | Materials | -2.52% | -0.51% | |
Goodman Group | $35.31 | Real Estate | 5.34% | 80.06% | |
HMC Capital | $7.49 | Real Estate | 4.03% | 70.23% | |
Graincorp | $9.27 | Staples | 11.42% | 22.46% | |
Altium | $67.33 | Technology | 0.49% | 80.41% | |
Nextdc | $17.80 | Technology | 0.06% | 48.16% | |
Technology One | $18.23 | Technology | 2.53% | 15.16% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 7 June close
ASX 200 stocks at 52-week lows
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
IDP Education | $15.33 | Discretionary | -3.89% | -35.48% | |
Karoon Energy | $1.70 | Energy | -6.09% | -14.41% | |
Worley | $14.49 | Industrials | -1.09% | -11.05% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 7 June close
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