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Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 29
By
Kerry Sun
Mon 22 Jul 24, 10:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Financials including the Big Four Banks and asset managers hit fresh 52-week highs, supported by positive company updates and ABS lending data
- Several gold miners including Newmont, Emerald Resources and Perseus Mining rallied to yearly highs as gold prices hit a record high of US$2,483 an ounce
- Retail heavyweights JB Hi-Fi and Lovisa hit a 52-week high amid positive trading updates from smaller names like Accent Group, Michael Hill and Universal Store
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: 5 Highs, 0 Lows
Industrials: 4 Highs, 4 Lows
Health Care: 4 Highs, 4 Lows
Discretionary: 3 Highs, 0 Lows
Technology: 3 Highs, 0 Lows
Real Estate: 2 Highs, 0 Lows
Telecommunication: 2 Highs, 0 Lows
Utilities, Energy and Staples all recorded no highs and 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 – "The trend is your friend": Banks and asset managers have consistently been among the top sectors making fresh 52-week highs. Recent data points underscore the sector's strength: Bendigo Bank's May trading update revealed stronger-than-expected net interest margins, propelling the stock up 8.1% on the day of the announcement and 21% since; while Australian new loan commitments for housing fell 1.7% month-on-month in May, they remain up 18% year-on-year; and Hub24's June quarter update reported a robust 35% year-on-year increase in platform funds under management.
Gold stocks shine on record prices: Gold prices surged to a fresh all-time high of US$2,483 an ounce last Wednesday, propelling several gold miners including Newmont, Emerald Resources, and Perseus Mining to 52-week highs. However, prices have retreated over the last three sessions. Let's see how if this pullback can consolidate before another potential upward move.
Retailers are starting to make new highs: A number of smaller retailers rallied last week on encouraging trading updates. This includes (performance on announcement date): Accent Group (+10.2%) reported 2:24 like-for-like (LFL) sales up 4.1% year-on-year and full-year LFL sales up 1.7% compared to Citi estimates of 1.0% and -4.4% respectively; Michael Hill (+9.4%) expects FY24 EBIT between $14-16 million vs. $14 million consensus, with group sales up 3.8% year-on-year; and Universal Store reported full-year group sales up 9.7% year-on-year and EBIT to be in the range of $46-47 million, up 15% year-on-year.
ASX 200 Financials at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Hub24 | $46.57 | Financials | 2.0% | 74.0% | |
Pinnacle Investment Management | $15.84 | Financials | 2.6% | 53.6% | |
Netwealth Group | $22.63 | Financials | 3.8% | 53.2% | |
National Australia Bank | $37.24 | Financials | 0.8% | 34.5% | |
Bendigo and Adelaide Bank | $12.02 | Financials | 2.7% | 31.1% | |
Westpac Banking | $28.22 | Financials | 1.2% | 28.5% | |
Commonwealth Bank of Australia | $131.63 | Financials | 0.0% | 26.1% | |
ANZ Group | $29.71 | Financials | 0.4% | 18.3% | |
Macquarie Group | $210.06 | Financials | 3.3% | 14.4% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 19 July close
ASX 200 Materials at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Newmont Corp | $70.22 | Materials | 1.0% | na | |
Emerald Resources | $3.96 | Materials | -1.5% | 73.7% | |
Perseus Mining | $2.69 | Materials | -1.5% | 59.2% | |
Genesis Minerals | $2.15 | Materials | 3.9% | 45.3% | |
Capricorn Metals | $5.37 | Materials | 0.4% | 15.2% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 19 July close
Other ASX 200 Stocks at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Lovisa Holdings | $33.85 | Discretionary | 1.3% | 63.5% | |
JB Hi-Fi | $65.10 | Discretionary | -1.5% | 47.2% | |
Aristocrat Leisure | $53.11 | Discretionary | 0.4% | 37.4% | |
Telix Pharmaceuticals | $19.13 | Health Care | -4.0% | 71.4% | |
Sigma Healthcare | $1.32 | Health Care | 1.5% | 67.2% | |
Polynovo | $2.42 | Health Care | 5.2% | 53.2% | |
CSL | $311.70 | Health Care | 1.7% | 17.1% | |
Ventia Services Group | $4.19 | Industrials | 0.7% | 42.5% | |
Qube Holdings | $3.74 | Industrials | -0.5% | 29.9% | |
NRW Holdings | $3.31 | Industrials | 5.8% | 29.8% | |
ALS Limited | $14.38 | Industrials | 0.1% | 28.1% | |
Goodman Group | $37.10 | Real Estate | 4.3% | 79.2% | |
HMC Capital | $7.65 | Real Estate | 3.7% | 47.7% | |
Life360 | $16.20 | Technology | -4.3% | 107.2% | |
Technology One | $19.00 | Technology | 1.3% | 22.3% | |
Xero | $135.41 | Technology | -3.6% | 12.2% | |
News Corporation | $42.80 | Telecommunication | 0.7% | 45.6% | |
REA Group | $196.82 | Telecommunication | -2.3% | 32.7% |
Data shows any stock to have hit a 52-week high in the past week, sorted by Sector and 1-year performance. Share price and performance as at Friday, 19 July close
ASX 200 Stocks at 52-week Lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
IDP Education | $14.11 | Discretionary | -0.8% | -39.1% | |
Domino's Pizza | $33.73 | Discretionary | -6.5% | -32.3% | |
Collins Foods | $8.83 | Discretionary | -2.5% | -11.9% | |
Pilbara Minerals | $2.99 | Materials | -2.3% | -34.9% | |
Deterra Royalties | $3.88 | Materials | -4.4% | -15.8% | |
BHP Group | $41.76 | Materials | -3.8% | -5.8% | |
Lifestyle Communities | $9.51 | Real Estate | -24.3% | -42.9% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 19 July close
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