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52-Week Market Review: Observing the ASX 200
The latest update in our 52-Week Series highlights the performance of the S&P/ASX 200 stocks, which recently achieved new yearly highs and lows. Monitoring these metrics aids in recognizing emerging trends across different sectors.
When multiple stocks within a sector hit new highs or lows, it often indicates significant underlying factors at play, such as fluctuating commodity prices, changing demand (including shifts toward artificial intelligence, defensive sectors, or consumer weaknesses), or variations in company earnings relative to expectations.
Sector Performance Overview
Highlights of 52-Week Highs and Lows by Sector:
- Real Estate: 6 Highs, 0 Lows
- Financials: 5 Highs, 1 Low
- Materials: 5 Highs, 0 Lows
- Discretionary: 5 Highs, 0 Lows
- Industrials: 3 Highs, 1 Low
- Telecommunication: 3 Highs, 0 Lows
- Staples: 1 High, 0 Lows
- Health Care: 0 Highs, 1 Low
- Technology: 0 Highs, 1 Low
- Energy: 0 Highs, 0 Lows
- Utilities: 0 Highs, 0 Lows
Analysis of Recent Data
Market Recovery Indicators
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Broad Recovery: After two weeks of low activity, 28 stocks have reached new 52-week highs, highlighting a market rebound from previous turbulence related to tariff concerns.
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Financial Sector Leadership: The Financials sector is spearheading the current rally, marked by a diverse array of stocks hitting new highs, indicating renewed strength within the sector. Companies like Hub24 and Netwealth, along with investment firms HMC and Pinnacle, are still performing shy of their recent peaks.
- Strength in REITs: Real Estate Investment Trusts (REITs) are exhibiting a robust recovery characterised by V-shaped trends towards new yearly highs, supported by stable bond yields and easing inflation. As noted by prominent trader Mark Minervini, an increasing number of stocks in a sector achieving new highs, especially after a market dip, can indicate a collective advance. Retail REITs like Scentre Group are well-positioned as they benefit from the cessation of low-rate leases established during the Covid-19 downturn. Morgan Stanley predicts a steady 4.5% annual growth in funds from operations (FFO) through 2027, making these investments attractive to those seeking reliable real estate returns.
ASX 200 Financials at 52-Week Highs
Recent performance of ASX 200 Financial stocks that reached 52-week highs is detailed below:
| Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
| ASX | ASX | $73.70 | 3.8% | -8.5% |
| BOQ | Bank of Queensland | $7.56 | 0.9% | 3.4% |
| SOL | Washington H Soul Pattinson | $37.34 | 0.1% | 41.8% |
| MPL | Medibank | $4.71 | 0.0% | 49.5% |
| CBA | Commonwealth Bank | $167.04 | -1.5% | 63.5% |
ASX 200 REITs at 52-Week Highs
The performance of ASX 200 Real Estate stocks at their 52-week highs is summarised below:
| Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
| CHC | Charter Hall Group | $18.18 | 3.5% | 40.1% |
| VCX | Vicinity Centres | $2.45 | 3.4% | 38.4% |
| CQR | Charter Hall Retail Reit | $3.91 | 2.4% | -4.4% |
| RGN | Region Group | $2.39 | 2.1% | -17.6% |
| MGR | Mirvac Group | $2.34 | 1.7% | 8.8% |
| SGP | Stockland | $5.61 | 1.1% | 48.8% |
ASX 200 Stocks at 52-Week Lows
An overview of ASX 200 stocks reaching their 52-week lows is listed below:
| Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
| TPW | Temple & Webster | $18.92 | Discretionary | 5.0% | 313.1% |
| APE | Eagers Automotive | $19.42 | Discretionary | 1.7% | 71.9% |
| AUB | AUB Group | $33.53 | Discretionary | 5.1% | 71.5% |
| TLC | The Lottery Corp | $5.29 | Discretionary | 1.5% | NA |
| WES | Wesfarmers | $80.24 | Discretionary | 0.9% | 64.5% |
| ALQ | ALS | $17.87 | Industrials | 3.4% | 49.0% |
| TCL | Transurban Group | $14.36 | Industrials | -0.1% | 4.2% |
| EMR | Emerald Resources | $4.58 | Materials | 10.9% | 326.1% |
| VAU | Vault Minerals | $0.47 | Materials | 10.6% | 28.8% |
| GOR | Gold Road Resources | $3.28 | Materials | 10.4% | 156.3% |
| RRL | Regis Resources | $4.85 | Materials | 8.7% | 168.0% |
| PRU | Perseus Mining | $3.61 | Materials | 6.2% | 113.0% |
| COL | Coles Group | $22.48 | Staples | 2.5% | 22.6% |
| EVT | EVT | $15.02 | Telecommunication | 2.4% | 9.6% |
| TPG | TPG Telecom | $5.20 | Telecommunication | 1.4% | -12.8% |
| TLS | Telstra Group | $4.61 | Telecommunication | 0.7% | 19.1% |
In conclusion, the ASX 200 has seen notable fluctuations, with a significant portion of stocks attaining new highs while a select few reach lows. Observing these patterns offers key insights into market direction and sector-specific performance.
