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Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 9
By
Kerry Sun
Mon 26 Feb 24, 10:40am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Financials including major banks, insurers and insurance brokers dominate the 52-week highs list
- Discretionary stocks, namely retailers, have rallied hard in recent weeks but refuse to give back any of those hard earned gains
- Industrial stocks have performed strongly this reporting season, many of which are rallying to fresh yearly highs
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: 12 Highs, 0 Lows
Discretionary: 9 Highs, 4 Lows
Industrials: 8 Highs, 0 Lows
Real Estate: 6 Highs, 1 Low
Materials: 4 Highs, 3 Lows
Energy: 2 Highs, 2 Lows
Communication Services: 2 Highs, 1 Low
Health Care, Staples: 1 High, 1 Low
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 found that a) the closer a stock's current price is to its 52-week high, the stronger the stock performs in the subsequent period and b) nearness to the 52-week high is a better predictor of future returns than 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.” In 2023, this proved useful for identifying moves made by construction and building materials, iron ore and insurance stocks.
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 continue to power ahead – Major banks, insurers and insurance brokers have been rallying to fresh 52-week highs for some time now.
Industrials – We noted a "broader number of industrial names beginning to appear in the 52-week highs list" last week. The list remains a healthy eight and backed by some solid results from Smartgroup, Seven Group, Ventia Service and Downer (all of which rallied 5-8% on results day).
Retailers are oversold but not out – Post reporting season winners like Wesfarmers, ARB Corp, Lovisa and Premier Investments have run pretty hard but refusing to give back any gains. Wesfarmers rallied 5.0% on the day of its results (15 Feb) and up another 6% since results day (16-26 Feb).
Thinking about 52-week lows – The ASX 200 has rallied around 13% since late October. For a large cap stock to hit a fresh 52-week low in this kind of market, it's indicative of some deep underlying issues with the sector and/or company
Financials at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Netwealth Group | $19.15 | Financials | 8.3% | 41.5% | |
Hub24 | $37.77 | Financials | 1.6% | 29.6% | |
Suncorp Group | $15.13 | Financials | 5.3% | 16.8% | |
Pinnacle Investment Management | $10.86 | Financials | -3.0% | 15.7% | |
Westpac | $25.94 | Financials | 5.6% | 14.4% | |
ANZ Group | $28.29 | Financials | -0.5% | 14.1% | |
National Australia Bank | $33.86 | Financials | 2.4% | 13.4% | |
QBE Insurance | $16.85 | Financials | 4.6% | 10.1% | |
Medibank Private | $3.63 | Financials | -3.2% | 8.4% | |
AUB Group | $29.30 | Financials | -4.4% | 8.0% | |
Macquarie Group | $193.08 | Financials | 0.2% | 2.2% | |
Bendigo and Adelaide Bank | $9.53 | Financials | -3.6% | -2.8% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 23 February close
Industrials at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Ventia Services | $3.81 | Industrials | 16.2% | 64.2% | |
Smartgroup | $10.22 | Industrials | 6.5% | 58.5% | |
Seven Group | $38.38 | Industrials | -5.9% | 55.3% | |
Reece | $24.09 | Industrials | 4.2% | 46.8% | |
Reliance Worldwide | $5.27 | Industrials | 19.5% | 44.8% | |
Downer EDI | $4.97 | Industrials | -1.8% | 25.5% | |
Brambles | $15.27 | Industrials | -0.1% | 17.7% | |
Qube | $3.26 | Industrials | -1.2% | 3.2% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 23 February close
... And Everything Else
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Car Group | $35.36 | Communication Services | 2.4% | 56.5% | |
REA Group | $187.44 | Communication Services | 1.3% | 50.2% | |
Light & Wonder | $139.00 | Discretionary | 1.7% | na | |
JB HI-FI | $62.70 | Discretionary | -2.7% | 45.0% | |
Wesfarmers | $64.98 | Discretionary | 3.2% | 33.4% | |
ARB Corp | $40.09 | Discretionary | 11.4% | 26.0% | |
Breville Group | $26.82 | Discretionary | 2.0% | 24.3% | |
Aristocrat Leisure | $44.84 | Discretionary | 1.2% | 21.6% | |
Super Retail | $16.15 | Discretionary | -2.0% | 19.4% | |
Lovisa | $29.17 | Discretionary | 14.4% | 16.6% | |
Premier Investments | $29.15 | Discretionary | 1.3% | 6.7% | |
Ampol | $38.61 | Energy | 2.7% | 17.0% | |
Viva Energy | $3.51 | Energy | -4.1% | 15.1% | |
Cochlear | $343.73 | Health Care | 2.8% | 52.0% | |
CSR | $8.38 | Materials | 23.4% | 65.9% | |
Boral | $5.91 | Materials | 1.0% | 60.6% | |
Sandfire Resources | $7.30 | Materials | 1.7% | 17.4% | |
Orica | $16.93 | Materials | 1.2% | 6.5% | |
HMC Capital | $6.89 | Real Estate | 5.7% | 59.1% | |
Goodman Group | $28.74 | Real Estate | 0.5% | 43.9% | |
Ingenia Communities | $4.88 | Real Estate | 1.2% | 20.2% | |
Stockland | $4.47 | Real Estate | -4.7% | 16.4% | |
Centuria Industrial | $3.39 | Real Estate | -0.3% | 1.5% | |
Centuria Capital | $1.57 | Real Estate | -13.8% | -12.6% | |
Bega Cheese | $4.31 | Staples | 13.7% | 20.7% | |
Megaport | $14.02 | Technology | 5.3% | 141.7% | |
Nextdc | $15.17 | Technology | 0.9% | 52.4% | |
Wisetech | $87.95 | Technology | 9.9% | 39.3% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 23 February close
Stocks at 52-Week Lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Nine Entertainment | $1.74 | Communication Services | -7.5% | -14.5% | |
The Star Entertainment | $0.45 | Discretionary | -20.5% | -68.3% | |
IDP Education | $18.55 | Discretionary | -9.6% | -36.3% | |
Tabcorp | $0.70 | Discretionary | -6.7% | -31.5% | |
Domino's Pizza | $43.51 | Discretionary | 9.5% | -18.4% | |
Strike Energy | $0.22 | Energy | -25.9% | -35.8% | |
New Hope | $4.47 | Energy | -11.7% | -16.9% | |
Sonic Healthcare | $29.30 | Health Care | -8.3% | -11.5% | |
South32 | $2.89 | Materials | 0.4% | -34.5% | |
Gold Road | $1.43 | Materials | 0.4% | -1.7% | |
Newmont | $46.62 | Materials | -7.7% | na | |
Lendlease | $6.04 | Real Estate | -19.6% | -21.7% | |
Woolworths | $32.78 | Staples | -8.9% | -11.5% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 23 February close
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