Data Insights

Which ASX 200 stocks hit 52-week highs and lows this week

Tue 08 Aug 23, 11:08am (AEST)
Markets trading screen with stocks
Source: Shutterstock

Key Points

  • Stocks from thematically bullish sectors like travel, insurance and construction continue to hit fresh yearly highs
  • Link Administration, Core Lithium and Lake Resources mark yet another fresh yearly low

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


# Highs and lows by sector

Note: Data as at Monday, 7 August close

  • Discretionary – 5 highs, 0 lows

  • Technology – 4 highs, 0 lows

  • Materials – 5 highs, 4 lows

  • Financials – 2 highs, 0 lows

  • Healthcare – 1 high, 1 low

  • Industrials – 1 high, 1 low

  • Utilities – 1 high, 0 lows

  • Real Estate – 0 highs, 2 lows


Stocks making 52-week highs

Stocks from thematically bullish sectors continue to hit fresh yearly highs including: 

Travel – Demand is showing no signs of slowing despite macro headwinds. US reporting season (which commenced last month) demonstrated plenty of upbeat commentary from major travel companies including:

  • Airbnb (NASDAQ: ABNB): "During Q2 2023, we had 115.1m Nights and Experiences Booked — our highest second quarter ever. While we saw strong growth across all regions compared to Q2 2022, Asia Pacific once again saw the strongest growth."

  • Booking.com (NASDAQ: BKNG): "In Q2 we continued to see robust leisure travel demand … We have seen these strong trends continue into July, and we are currently preparing for what we expect to be a record summer travel season in Q3."

  • Expedia (NASDAQ: EXPE): "Q2 saw travel demand remain strong .,. we continued to repurchase our stock opportunistically & have purchased a record $1.2bn year-to-date."

Insurance – Leveraged to the higher rate environment and premium increases continue to be very strong. While IAG (ASX: IAG) is the only stock to hit a 52-week high in the past week – Other names like QBE Insurance (ASX: QBE) and Suncorp (ASX: SUN) are also not far off yearly highs.

Construction: The building and construction sector is experiencing a broad-based rally thanks to factors including:

  • The Government’s Homebuilder Program: CSR (ASX: CSR) Chair John Gillam says the program “created significant demand which, combined with labour-market and supply-side restrictions, has greatly elongated timelines normally associated with residential construction.”

  • Improving US market: James Hardie (ASX: JHX) shares rallied 12.9% as the market opened on Tuesday after beating first quarter revenue and net profit expectations. UBS says the company is “clearly taking advantage of an improving USA market”. 


Ticker

Company Name

Close Price

Sector

1 Month

3 Month

1 Year

ALL

Aristocrat Leisure 

$40.81

Discretionary

10.9%

8.8%

16.2%

FLT

Flight Centre 

$22.43

Discretionary

20.0%

4.2%

25.7%

NWS

News Corporation

$31.13

Discretionary

5.9%

22.8%

23.9%

REH

Reece

$19.34

Discretionary

9.9%

6.0%

24.7%

WEB

Webjet 

$7.65

Discretionary

10.4%

6.3%

48.3%

WOR

Worley 

$17.09

Energy

7.6%

3.8%

19.4%

IAG

Insurance Australia Group

$6.00

Financials

4.7%

21.7%

30.7%

NWL

Netwealth Group 

$14.52

Financials

8.8%

5.0%

7.8%

PME

Pro Medicus Limited Ordinary

$71.03

Healthcare

12.9%

18.6%

31.7%

SVW

Seven Group 

$26.20

Industrials

11.1%

11.2%

46.8%

BLD

Boral 

$4.35

Materials

8.5%

8.8%

45.0%

BSL

Bluescope Steel

$21.40

Materials

9.7%

5.8%

29.4%

CSR

CSR Limited Ordinary

$5.59

Materials

4.5%

2.2%

20.2%

JHX

James Hardie 

$40.76

Materials

5.4%

19.3%

13.3%

ORA

Orora 

$3.62

Materials

11.0%

9.4%

4.3%

CAR

Carsales.Com

$24.63

Technology

5.3%

6.8%

14.6%

NXT

Nextdc Limited Ordinary

$12.86

Technology

4.8%

10.4%

9.9%

REA

REA Group

$153.39

Technology

9.9%

10.2%

23.2%

WTC

Wisetech Global

$87.56

Technology

15.6%

28.8%

63.8%

AGL

AGL Energy

$11.55

Utilities

4.3%

31.4%

35.3%


Stocks making 52-week lows

Link Administration (ASX: LNK), Core Lithium (ASX: CXO) and Lake Resources (ASX: LKE) made another appearance this week, which might speak some truth about the old adage – ‘The trend is your friend’.

As reporting season ramps up, we’re also observing a few stocks roll over on weaker-than-expected earnings, this includes ResMed (ASX: RMD) and BWP Trust (ASX: BWP). 

Ticker

Company Name

Close Price

Sector

1 Month

3 Month

1 Year

RMD

Resmed Inc

$29.40

Healthcare

-9.0%

-14.4%

-14.7%

LNK

Link Administration 

$1.48

Industrials

-4.8%

-26.4%

-67.0%

CXO

Core Lithium 

$0.61

Materials

-35.0%

-39.5%

-52.9%

LKE

Lake Resources 

$0.18

Materials

-38.6%

-65.7%

-81.2%

SLR

Silver Lake Resources 

$0.94

Materials

-11.3%

-15.3%

-39.0%

SYR

Syrah Resources 

$0.65

Materials

-27.4%

-30.5%

-55.6%

ABP

Abacus Property Group 

$1.24

Real Estate

-52.1%

-53.6%

-56.8%

BWP

BWP Trust

$3.52

Real Estate

-1.1%

-7.6%

-16.2%

 

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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