NewsEvening Wrap: ASX 200 dips as massive gains in Energy, Gold, Defence, and Critical Minerals stocks save the day
Fri 13 Jun 25, 5:51pm (AEST)
Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 40
By
Kerry Sun
Mon 07 Oct 24, 11:01am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- The Big Four Banks have taken a decisive breather after spending most of this week rallying to fresh 52-week highs
- The recovery in Real Estate stocks has also come to a halt amid a resurgence in bond yields
- The S&P/ASX 200 Materials Index had its best week since October 2015 but there are growing concerns that China's stimulus measures may not be enough to boost its ailing economy
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
Industrials: 4 Highs, 1 Low
Financials: 3 Highs, 0 Lows
Real Estate: 3 Highs, 0 Lows
Materials: 3 Highs, 0 Lows
Technology: 3 Highs, 0 Lows
Discretionary: 3 Highs, 0 Lows
Health Care: 3 Highs, 0 Lows
Staples: 0 Highs, 1 Low
Telecommunication: 0 Highs, 1 Low
Utilities: 0 Highs, 0 Lows
Energy: 0 Highs, 0 Lows
What Does the Data Tell Us?
Not a whole lot: Several key sectors, including Financials, Real Estate, and Miners, are experiencing a period of consolidation after recent broad, sector-wide movements.
Financials take a breather as China's stimulus measures have triggered a rotation out of expensive banks and into beaten-up miners.
Real Estate stocks are pulling back amid a resurgence in bond yields. The US 10-year bond yield has risen approximately 23 basis points in the last three sessions, influenced by a strong US jobs report. Last Friday, nonfarm payrolls grew by 250,000 in September, significantly exceeding market expectations of 150,000. It's worth noting that real estate stocks typically have an inverse relationship with bond yields.
The Mining sector is cooling off after a substantial China-inspired rally. However, concerns are growing that China's stimulus measures may not be sufficient to boost its struggling economy. Some analysts, including economists led by Ting Lu, have warned of a potential scenario similar to 2015, where "a stock market mania would be followed by a crash." Bloomberg reported that this pessimistic outcome may have a "much higher probability" than more optimistic scenarios.
Quality shines: Several companies that performed well during August reporting season have continued to climb. Notable stocks that beat analyst expectations and/or provided a strong FY25 guidance include Hub24, Brambles and Wisetech Global.
ASX 200 Stocks at 52-week highs
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Super Retail Group | $17.96 | Discretionary | -0.1% | 55.2% | |
ARB Corporation | $43.51 | Discretionary | -8.1% | 49.5% | |
Aristocrat Leisure | $56.93 | Discretionary | -2.1% | 42.7% | |
Hub24 | $59.88 | Financials | 1.2% | 83.5% | |
Netwealth Group | $24.83 | Financials | -2.2% | 73.3% | |
Macquarie Group | $224.91 | Financials | -3.7% | 36.4% | |
Sigma Healthcare | $2.04 | Health Care | 40.2% | 211.2% | |
Pro Medicus | $179.02 | Health Care | 2.9% | 116.0% | |
Ansell | $32.15 | Health Care | 1.5% | 46.9% | |
Ventia Services | $4.52 | Industrials | -0.9% | 65.0% | |
Seven Group | $43.04 | Industrials | 0.8% | 51.3% | |
Qantas Airways | $7.00 | Industrials | -5.7% | 44.6% | |
Brambles | $18.74 | Industrials | 0.5% | 32.8% | |
Alcoa Corporation | $55.69 | Materials | -2.7% | NA | |
Sandfire Resources | $10.77 | Materials | 0.8% | 79.5% | |
Lynas Rare Earths | $7.61 | Materials | -1.9% | 19.1% | |
HMC Capital | $8.56 | Real Estate | 8.4% | 83.7% | |
Goodman Group | $37.07 | Real Estate | 3.2% | 72.0% | |
Centuria Capital | $2.01 | Real Estate | -5.2% | 50.0% | |
Wisetech Global | $130.53 | Technology | -3.4% | 110.0% | |
Technology One | $24.25 | Technology | 1.9% | 55.8% | |
Siteminder | $6.22 | Technology | 0.3% | 35.5% |
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 Friday 4 October 2024
ASX 200 stocks at 52-week lows
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Spark New Zealand | $2.88 | Telecommunication | 0.7% | -36.1% | |
IPH | $5.69 | Industrials | -7.8% | -22.2% | |
Inghams Group | $2.88 | Staples | -4.0% | -13.3% |
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 Friday 4 October 2024
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
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