ASX 200 stocks hitting fresh 52-week highs and lows – Week 41
Wealth management platforms, asset managers and reporting season winners continued to soar into fresh 52-week territory.
Source: Shutterstock
Mentioned
KEY POINTS
- Financials sector shows divergence, with Big Four Banks rebounding from a sharp pullback while wealth management platforms and asset managers continue to rally amid strong equity market performance
- Stocks hitting 52-week highs demonstrate market-leading 12-month performances, with many beating earnings expectations in August
- The number of stocks hitting 52-week lows has reached the lowest in at least a year, suggesting a broadening market rally
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: 4 Highs, 0 Lows
Industrials: 3 Highs, 0 Lows
Materials: 3 Highs, 1 Low
Technology: 3 Highs, 0 Lows
Discretionary: 3 Highs, 0 Lows
Health Care: 3 Highs, 0 Lows
Real Estate: 1 High, 0 Lows
Staples: 1 High, 0 Lows
Telecommunication: 0 Highs, 1 Low
Utilities: 0 Highs, 0 Lows
Energy: 0 Highs, 0 Lows
What Does the Data Tell Us?
Financials divergence: The Big Four Banks are rebounding from a sharp pullback, this follows a brief rotation from expensive banks to the battered resource sector. However, certain areas within the Financials sector continue to surge, particularly wealth management platforms and asset managers. This upward trend is likely bolstered by the robust performance of broader equity markets, with major indices like the S&P 500, Dow Jones, and ASX 200 all trading around record levels.
Leaders run: Stocks hitting new 52-week highs have demonstrated remarkable 12-month performances. Even the defensive and slow-moving Brambles has rallied 34.5%. At the forefront are tech-oriented and growth-heavy companies such as Zip, Life360, and Pro Medicus. The majority of these top performers reported earnings that beat analyst expectations during August reporting season.
No lows: Previously struggling sectors, including Energy and Materials (particularly lithium), appear to have found their footing. The number of stocks hitting fresh 52-week lows has reached its lowest point in at least a year. This trend suggests a widening market rally and overall strength in the broader index.
ASX 200 Stocks at 52-week highs
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Breville Group | $35.42 | Discretionary | 3.5% | 60.1% | |
Aristocrat Leisure | $58.54 | Discretionary | 2.8% | 48.8% | |
Super Retail Group | $18.08 | Discretionary | 0.7% | 47.1% | |
Zip Co | $2.92 | Financials | 14.5% | 942.9% | |
Pinnacle Investment Management | $19.04 | Financials | 5.8% | 125.3% | |
Hub24 | $63.80 | Financials | 6.6% | 92.6% | |
Netwealth Group | $27.50 | Financials | 10.8% | 86.8% | |
Pro Medicus | $186.23 | Health Care | 4.0% | 126.4% | |
Telix Pharmaceuticals | $21.22 | Health Care | 3.6% | 103.8% | |
Ansell | $32.11 | Health Care | -0.1% | 47.4% | |
Ventia Services | $4.65 | Industrials | 2.9% | 67.9% | |
Seven Group | $43.06 | Industrials | 0.1% | 58.8% | |
Brambles | $19.17 | Industrials | 2.3% | 34.5% | |
Alcoa Corporation | $59.02 | Materials | 6.0% | NA | |
Sandfire Resources | $10.83 | Materials | 0.6% | 80.8% | |
De Grey Mining | $1.43 | Materials | 3.6% | 17.5% | |
HMC Capital | $8.84 | Real Estate | 3.3% | 91.8% | |
Bega Cheese | $5.38 | Staples | 5.1% | 84.3% | |
Life360 Inc | $20.85 | Technology | 8.9% | 155.8% | |
Technology One | $24.74 | Technology | 2.0% | 58.0% | |
Siteminder | $6.74 | Technology | 8.4% | 49.8% |
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 11 October 2024
ASX 200 stocks at 52-week lows
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 Friday 11 October 2024
