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Weekly Summary of S&P/ASX 200 Market Trends
Welcome back to the 52-Week Series, where we highlight the S&P/ASX 200 stocks that have achieved new annual highs and lows over the past week. Keeping track of these metrics aids in discerning upcoming market trends within different sectors.
When numerous stocks in a sector reach fresh highs or lows, it often signals significant underlying factors, such as fluctuating commodity prices, alterations in demand trends—be it in technology, defensive sectors, or consumer goods—or discrepancies in earnings results.
52-Week Highs and Lows by Sector
- Materials: 9 highs, 2 lows
- Financials: 7 highs, 0 lows
- Technology: 4 highs, 0 lows
- Real Estate: 4 highs, 0 lows
- Industrials: 3 highs, 1 low
- Discretionary: 3 highs, 2 lows
- Telecommunications: 2 highs, 0 lows
- Health Care: 0 highs, 1 low
- Staples: 0 highs, 1 low
- Energy: 0 highs, 0 lows
- Utilities: 0 highs, 0 lows
Insights from the Data
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Gold Sector Resilience: Despite a drop in gold prices last week—2% to US$3,290 per ounce and 1.1% in AUD terms to A$5,110—gold mining stocks showed a rally. Typically, gold miners trade at a premium due to operational challenges or market outlooks affecting their margins. However, their recent performance can be attributed to strong profit margins, active merger and acquisition (M&A) activity, and the anticipation of healthy dividends in forthcoming reporting periods.
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Robust Financial Sector: The financial industry showcases considerable strength, indicating stability across major banks, regional institutions, and insurers.
- Real Estate Optimism: Charter Hall REITs experienced a surge in their stock prices, likely influenced by a recent drop in Australian 10-year yields following the Reserve Bank of Australia’s (RBA) decision to cut rates on Tuesday, May 20.
Noteworthy ASX 200 Stocks Reaching 52-Week Highs
Financials
| Ticker | Company | Close | 1 Week Change | 1 Year Change |
|---|---|---|---|---|
| GDG | Generation Development Group | $5.54 | +9.1% | +295.1% |
| QBE | QBE Insurance Group | $23.16 | 0.0% | +92.0% |
| CBA | Commonwealth Bank | $175.95 | +1.2% | +66.9% |
| MPL | Medibank Private | $4.77 | -1.0% | +50.0% |
| SOL | Washington H Soul | $36.93 | -1.1% | +46.1% |
Materials
| Ticker | Company | Close | 1 Week Change | 1 Year Change |
|---|---|---|---|---|
| EMR | Emerald Resources NL | $4.75 | +3.9% | +278.5% |
| GMD | Genesis Minerals | $4.72 | +8.8% | +223.3% |
| GOR | Gold Road Resources | $3.40 | +1.2% | +167.7% |
Real Estate
| Ticker | Company | Close | 1 Week Change | 1 Year Change |
|---|---|---|---|---|
| CHC | Charter Hall Group | $18.17 | +1.5% | +39.2% |
| CQR | Charter Hall Retail | $3.94 | -0.3% | -7.3% |
ASX 200 Stocks at 52-Week Highs
| Ticker | Company | Close | Sector | 1 Week Change | 1 Year Change |
|---|---|---|---|---|---|
| TPW | Temple & Webster | $22.00 | Discretionary | +8.0% | +411.6% |
| JBH | JB HI-FI | $107.81 | Discretionary | -0.8% | +133.9% |
| TLC | The Lottery Corporation | $5.10 | Discretionary | -4.7% | +12.1% |
ASX 200 Stocks Hitting 52-Week Lows
| Ticker | Company | Close | Sector | 1 Week Change | 1 Year Change |
|---|---|---|---|---|---|
| HLS | Healius | $0.88 | Health Care | -10.3% | -77.3% |
| IEL | IDP Education | $7.80 | Discretionary | -6.4% | -67.9% |
| DMP | Domino’s Pizza | $23.44 | Discretionary | -2.8% | -66.1% |
| NUF | Nufarm | $2.38 | Materials | -3.6% | -56.4% |
As we continue to navigate through these dynamic market conditions, understanding these trends is invaluable for investors aiming to make informed decisions amidst Australian financial landscapes.
