News
Evening Wrap: ASX 200 ekes out gain but major mining and energy stocks implode on China stimulus doubts, tanking commodity prices
Wed 09 Oct 24, 5:37pm (AEDT)
Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 36
By
Kerry Sun
Tue 10 Sep 24, 10:36am (AEDT)
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: 9 Highs, 1 Low
Real Estate: 7 Highs, 1 Low
Discretionary: 4 Highs, 1 Low
Health Care: 3 Highs, 1 Low
Industrials: 2 Highs, 2 Lows
Technology: 1 High, 1 Low
Telecommunication: 1 High, 4 Lows
Staples: 0 Highs, 1 Low
Utilities: 0 Highs, 1 Low
Energy: 0 Highs, 10 Lows
Materials: 0 Highs, 13 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
Intensifying trends: Recent market movements have widened the gap between thriving and struggling sectors. Stocks from the Financials, Consumer Discretionary, and Real Estate sectors have been consistently reaching new 52-week highs. Financials continue to climb following a strong August reporting season, while Real Estate stocks gain from lower bond yields, with the US 2-year yield falling to its lowest level since September 2022. On the other hand, sectors like Energy and Materials have been sinking to fresh lows. This week has seen these trends become even more pronounced. The resource sector is facing major challenges due to growth concerns, especially in China and the US. As a consequence, iron ore prices have fallen to a near two-year low of US$92 per tonne, and oil prices have dropped to their lowest levels since June 2023.
ASX 200 Financials at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
Judo Capital | $1.65 | -1.2% | 64.5% | |
Westpac Banking | $31.87 | 0.9% | 47.8% | |
Commonwealth Bank | $142.95 | 0.8% | 40.0% | |
National Australia Bank | $38.93 | 0.7% | 33.7% | |
Insurance Australia Group | $7.74 | 1.7% | 33.7% | |
Macquarie Group | $223.72 | 3.1% | 29.9% | |
ANZ Group | $31.52 | 2.8% | 24.7% | |
Bank of Queensland | $6.45 | 0.8% | 11.6% | |
Medibank | $3.84 | -3.8% | 7.0% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Monday 9 August close
ASX 200 Real Estate stocks at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
Charter Hall Group | $15.71 | 7.2% | 50.9% | |
Scentre Group | $3.55 | 2.6% | 35.5% | |
Stockland | $5.20 | 2.8% | 29.7% | |
Vicinity Centres | $2.29 | 2.2% | 26.2% | |
GPT Group | $5.10 | 3.0% | 22.9% | |
Arena Reit | $4.06 | 1.0% | 11.5% |
ASX 200 Discretionary at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
JB Hi-Fi | $80.59 | -0.5% | 74.7% | |
Breville Group | $33.50 | -1.0% | 45.3% | |
Super Retail | $16.89 | -6.1% | 39.7% | |
Aristocrat Leisure | $54.71 | 0.6% | 34.1% |
Other stocks at 52-week highs
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Pro Medicus | $157.53 | Health Care | 4.4% | 117.8% | |
Fisher & Paykel | $34.94 | Health Care | 4.3% | 77.7% | |
Resmed Inc | $36.63 | Health Care | 1.7% | 54.2% | |
Qube Holdings | $3.85 | Industrials | -1.5% | 27.5% | |
Brambles | $18.51 | Industrials | 1.9% | 21.9% | |
Wisetech | $125.24 | Technology | 3.1% | 84.2% | |
Chorus | $8.07 | Telecommunication | 2.2% | 18.3% |
Data shows any stock to have hit a 52-week high in the past week. Data is sorted by Sector and 1-year performance. Share price and performance as at Monday 9 August 2024
ASX 200 Energy stocks at 52-week lows
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
Karoon Energy | $1.44 | -17.0% | -41.6% | |
Boss Energy | $2.47 | -9.5% | -38.7% | |
Woodside Energy | $23.79 | -13.7% | -36.9% | |
Beach Energy | $1.07 | -12.3% | -32.9% | |
New Hope Corp | $4.19 | -7.1% | -29.9% | |
Ampol | $28.72 | -3.1% | -15.9% | |
Paladin Energy | $8.37 | -12.8% | -8.0% | |
Viva Energy | $2.73 | -7.5% | -6.8% | |
Whitehaven Coal | $5.73 | -14.7% | -6.5% | |
Deep Yellow | $0.96 | -12.0% | -3.1% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Monday 9 August close
ASX 200 Materials stocks at 52-week lows
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
Liontown Resources | $0.62 | -12.7% | -79.3% | |
Mineral Resources | $30.40 | -23.1% | -56.1% | |
Pilbara Minerals | $2.41 | -15.1% | -47.6% | |
Coronado Global | $0.88 | -23.3% | -46.2% | |
Deterra Royalties | $3.43 | -6.0% | -27.0% | |
Nufarm | $3.71 | -5.1% | -26.0% | |
Bellevue Gold | $1.14 | -0.9% | -20.8% | |
Fortescue | $16.20 | -10.9% | -18.8% | |
Stanmore Resources | $2.63 | -14.1% | -16.5% | |
BHP Group | $38.76 | -3.9% | -12.3% | |
Champion Iron | $5.43 | -10.3% | -10.7% | |
Rio Tinto | $106.83 | -2.8% | -6.4% | |
Arcadium Lithium | $3.38 | -13.1% | NA |
Other stocks at 52-week lows
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Tabcorp | $0.38 | Discretionary | -8.4% | -62.9% | |
NIB Holdings | $5.63 | Financials | -12.3% | -27.2% | |
Ramsay Health Care | $39.24 | Health Care | -2.9% | -22.4% | |
Johns Lyng Group | $3.45 | Industrials | -5.5% | -46.4% | |
Fletcher Building | $2.57 | Industrials | -4.5% | -39.8% | |
Lifestyle Communities | $7.43 | Real Estate | -4.3% | -56.4% | |
Inghams Group | $3.05 | Staples | -1.3% | -10.3% | |
Megaport | $7.68 | Technology | -7.1% | -30.9% | |
Nine Entertainment | $1.27 | Telecommunication | -5.6% | -37.4% | |
Domain Holdings | $2.80 | Telecommunication | 0.7% | -29.3% | |
Spark New Zealand | $3.22 | Telecommunication | -3.3% | -29.1% | |
EVT | $10.04 | Telecommunication | -5.4% | -15.6% | |
APA Group | $7.37 | Utilities | -2.1% | -14.3% |
Data shows any stock to have hit a 52-week low in the past week. Data is sorted by Sector and 1-year performance. Share price and performance as at Monday 9 August 2024
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