Data Insights

New highs and lows: REITs, Miners and Financials are tumbling to 52-week lows

Mon 30 Oct 23, 11:47am (AEDT)
Down 7 Crisis Red Crash
Source: iStock

Key Points

  • Real estate stocks have crumbled under the weight of rising yields
  • The latest third quarter results from miners showed that most base metal miners are doing it tough
  • Fund managers have seen a persistent decline in funds under management

Welcome back to the 52-week Series – A recap of ASX 200 stocks marking yearly highs and lows in the past week.

Over 25% of ASX 200 constituents hit a fresh 52-week low last week, as the Index dipped to levels last seen in November 2022.


52-Week Highs and Lows by Sector

  • Real Estate: 0 Highs, 13 Lows

  • Materials: 1 Highs, 10 Lows

  • Financials: 0 Highs, 8 Lows

  • Industrials: 0 Highs, 7 Lows

  • Discretionary: 0 Highs, 6 Lows

  • Healthcare: 0 Highs, 4 Lows

  • Staples: 0 Highs, 3 Lows

  • Technology: 0 Highs, 2 Lows

  • Utilities: 0 Highs, 1 Low

  • Energy: 0 Highs, 0 Lows


The Lone 52-Week High

Ticker

Company

Close Price

Sector

1 Year

RMS

Ramelius Resources

$1.72

Materials

131.8%


Stocks at 52-Week Lows: Real Estate

Real Estate stocks have crumbled under the weight of rising yields. The Australian Government 10-year yield is up 52 bps since mid-October and its only gathered more momentum after:

  • Australian inflation came in hotter-than-expected last week, up 5.4% year-on-year in the September quarter vs. the 5.3% expected. The monthly inflation indicator was up 5.6% for September vs. the 5.4% expected

  • RBA Governor Bullock said in the lead up to the CPI print: "The Board will not hesitate to raise the cash rate further if there is a material upward revision to the outlook for inflation."

According to JPMorgan, the correlation between the 10-year bond yield and Charter Hall Group price-to-earnings is -0.75. "One might have to wait for the long end of the rate curve to ease before the stock bounces back in a sustainable manner," the analysts said in a note last month.

Ticker

Company

Close Price

Sector

1 Year

CIP

Centuria Industrial

$2.84

Real Estate

-5.0%

MGR

Mirvac Group

$1.88

Real Estate

-6.3%

GPT

GPT Group

$3.60

Real Estate

-14.7%

ARF

Arena Reit

$3.21

Real Estate

-16.2%

DXS

Dexus Units

$6.46

Real Estate

-16.7%

HDN

Homeco Daily Needs Reit

$1.05

Real Estate

-16.7%

NSR

National Storage Reit

$2.04

Real Estate

-18.1%

WPR

Waypoint Reit

$2.12

Real Estate

-22.6%

RGN

Region Group

$1.99

Real Estate

-25.8%

CLW

Charter Hall Long Wale

$3.11

Real Estate

-27.8%

LLC

Lendlease Group

$6.30

Real Estate

-28.3%

CHC

Charter Hall Group

$8.75

Real Estate

-30.6%

CMW

Cromwell Property

$0.34

Real Estate

-51.8%


Stocks at 52-Week Lows: Materials

The latest third quarter results from miners showed that most base metal miners are doing it tough amid stagnant growth pipelines, high energy costs, permitting delays and a lack of skilled workers.

Ticker

Company

Close Price

Sector

1 Year

S32

South32

$3.33

Materials

-7.5%

ILU

Iluka Resources

$7.44

Materials

-12.0%

ORA

Orora

$2.51

Materials

-12.2%

MIN

Mineral Resources

$60.39

Materials

-15.7%

NUF

Nufarm

$4.38

Materials

-20.4%

AMC

Amcor PLC

$13.75

Materials

-22.7%

IGO

IGO

$10.65

Materials

-31.4%

AWC

Alumina

$0.81

Materials

-40.0%

CHN

Chalice Mining

$1.85

Materials

-56.4%

SYA

Sayona Mining

$0.08

Materials

-65.1%


Stocks at 52-Week Lows: Financials

Fund managers have seen a persistent decline in funds under management, with Magellan reporting $35 billion as of September 29, 2023, down 10.3% month-over-month and 31.2% year-over-year.

Ticker

Company

Close Price

Sector

1 Year

MQG

Macquarie

$160.62

Financials

-3.5%

CGF

Challenger

$5.90

Financials

-14.2%

ASX

ASX

$55.87

Financials

-14.4%

PPT

Perpetual

$19.14

Financials

-21.9%

CNI

Centuria Capital

$1.18

Financials

-27.8%

BOQ

Bank of Queensland

$5.20

Financials

-29.2%

IFL

Insignia Financial

$2.06

Financials

-32.7%

MFG

Magellan Financial

$6.37

Financials

-33.9%


Stocks at 52-Week Lows: Everything else

Ticker

Company

Close Price

Sector

1 Year

NEC

Nine Entertainment

$1.81

Discretionary

-10.4%

BAP

Bapcor

$5.40

Discretionary

-16.2%

TAH

Tabcorp

$0.78

Discretionary

-19.6%

LOV

Lovisa

$17.56

Discretionary

-24.3%

EVT

EVT

$10.16

Discretionary

-30.0%

SGR

The Star Entertainment

$0.60

Discretionary

-75.6%

NAN

Nanosonics

$3.73

Healthcare

-2.9%

ANN

Ansell

$21.20

Healthcare

-23.6%

PNV

Polynovo

$1.14

Healthcare

-41.7%

HLS

Healius

$1.84

Healthcare

-45.4%

AIA

Auckland International Airport

$6.80

Industrials

-0.3%

TCL

Transurban

$11.89

Industrials

-10.4%

CWY

Cleanaway Waste Management

$2.27

Industrials

-14.0%

ALX

Atlas Arteria

$5.35

Industrials

-18.9%

SQ2

Block Inc

$67.03

Industrials

-26.5%

IPH

IPH

$6.90

Industrials

-28.9%

LNK

Link Administration

$1.23

Industrials

-63.5%

COL

Coles

$15.29

Staples

-6.0%

A2M

A2 Milk

$3.89

Staples

-25.9%

EDV

Endeavour Group

$5.02

Staples

-28.7%

CNU

Chorus

$6.69

Technology

-6.2%

IRE

Iress

$5.06

Technology

-49.1%

APA

APA Group

$8.30

Utilities

-20.4%

 

Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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