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Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 48
By
Kerry Sun
Mon 02 Dec 24, 10:24am (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, 0 Lows
Industrials: 4 Highs, 1 Low
Health Care: 4 Highs, 0 Lows
Discretionary: 3 Highs, 1 Low
Telecommunication: 2 Highs, 1 Low
Real Estate: 2 Highs, 1 Low
Technology: 2 Highs, 0 Lows
Materials: 2 Highs, 0 Lows
Utilities: 1 High, 0 Lows
Energy: 0 Highs, 2 Lows
Staples: 0 Highs, 0 Lows
What Does the Data Tell Us?
Financials continue to trend higher. It feels like every week, at least 8-12 stocks from the Financials sector has scored a fresh yearly high. The sector's breadth remains impressive, underpinned by several tailwinds such as higher-for-longer yields, soaring equity markets and growing soft-landing expectations.
Industrials remain strong. Over the last two weeks, the breadth of Industrial names making 52-week highs hit a notable 7-8 stocks. This strength has continued for another week. While a few companies like Brambles and NRW Holdings have experienced minor pullbacks, the overall sector strength remains intact.
Health care stocks show notable strength. Several healthcare names including Annsell, Telix Pharmaceuticals and Pro Medicus have hit a fresh yearly high. This upward movement is likely bolstered by a strong US dollar, providing a favorable environment for healthcare stocks.
Energy is not the place to be. Major players like Woodside, Karoon Energy, and Beach Energy are grappling with a multitude of headwinds. These challenges include economic weakness in China, growing output in the US, and potential ceasefire talks in the Middle East, all of which are putting pressure on the energy sector's performance.
ASX 200 Financials at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
ASX | $66.06 | -2.8% | 13.3% | |
QBE Insurance Group | $20.00 | 1.1% | 34.8% | |
National Australia Bank | $39.1 | -2.4% | 36.5% | |
Insurance Australia Group | $8.53 | 3.8% | 46.3% | |
Bendigo and Adelaide Bank | $13.42 | -1.3% | 46.8% | |
Commonwealth Bank | $158.58 | -0.3% | 50.9% | |
Hub24 | $75.37 | 0.7% | 123.7% | |
Judo Capital | $1.995 | -0.8% | 132.0% | |
Pinnacle Investment Management | $23.44 | 0.6% | 157.0% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday 29 November 2024
ASX 200 Industrials at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
ALS | $15.58 | -3.6% | 25.7% | |
Computershare | $31.89 | 0.6% | 36.5% | |
Downer EDI | $5.75 | -0.5% | 38.9% | |
SGH | $49.51 | 2.9% | 52.7% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday 29 November 2024
ASX 200 Healthcare Stocks at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
Ansell | $33.16 | 2.2% | 40.2% | |
Telix Pharmaceuticals | $24.74 | 9.6% | 154.3% | |
Pro Medicus | $251.89 | 13.6% | 185.7% | |
Sigma Healthcare | $2.89 | 13.3% | 307.6% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday 29 November 2024
Other ASX 200 Stocks at 52-week highs
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
The Lottery Corporation | $5.18 | Discretionary | 1.2% | 13.9% | |
JB Hi-Fi | $90.86 | Discretionary | 0.9% | 88.2% | |
Guzman Y Gomez | $43.03 | Discretionary | 12.7% | NA | |
Alcoa Corp | $70.79 | Materials | -0.4% | NA | |
Goodman Group | $37.91 | Real Estate | 1.8% | 62.2% | |
HMC Capital | $12.33 | Real Estate | 2.4% | 145.1% | |
Technology One | $30.21 | Technology | -0.9% | 96.7% | |
Life360 Inc | $25.3 | Technology | 20.5% | 225.2% | |
Car Group | $41.5 | Telecommunication | 1.2% | 46.5% | |
REA Group | $251.53 | Telecommunication | 1.7% | 57.7% | |
Origin Energy | $10.87 | Utilities | -1.2% | 38.3% |
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 29 November 2024
ASX 200 Stocks at 52-week Lows
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
The Star Entertainment | $0.195 | Discretionary | -4.9% | -64.2% | |
Spark New Zealand | $2.65 | Telecommunication | -4.3% | -44.4% | |
Karoon Energy | $1.33 | Energy | -4.7% | -33.5% | |
Worley | $13.87 | Industrials | -2.1% | -17.9% | |
Centuria Industrial Reit | $2.94 | Real Estate | -1.0% | -4.2% | |
Santos | $6.61 | Energy | -4.5% | -3.1% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday 29 November 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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