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Share prices

17/08/2020

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 14 August 2020. BDN financial editor Roger Willis reports.

USA — MARKING TIME

American investor sentiment pretty much held station, punctuated by a modest mid-week boost. Both the blue-chip S&P 500 and S&P MidCap indices closed on marginal 0.6% weekly advances. A broad sense of detachment from hard economic realities seemed to pervade equities trading in New York and spread elsewhere in the world.            

HOG-OMETER — PLACE YOUR BETS

Following daily volatility during the previous week, that culminated in an almost flat finish, Harley-Davidson shares woke up to keen gambling for a couple of sessions. The Hog-ometer spun into action on Monday with a 3.9% rise and then added 2.4% on Tuesday. Strangely, these gains flew in the face of slumbering market indices. Then Wall Street rallied on Wednesday, thanks to better-than-expected weekly US unemployment data, as fewer than a million new claimants signed on for dole payments for the first time since mid-March. But Harley’s price went in the opposite direction, losing 2.5%. Typical stripper’s knickers behaviour had resumed. Thursday delivered a 3.8% hike, before another loss of 0.9% on Friday. Despite a substantial net increase, Harley’s closing price was still more than a dollar down on its position prior to half-year corporate results revelations.            

Currency: dollar

Price

Week

Month

Harley-Davidson

27.96

+6.7%

-2.3%

Polaris Industries

103.10

-2.2%

+6.9%

Textron

38.49

+2.4%

+15.1%

EUROPE — LACK OF DIRECTION 

Even though EU and eurozone job losses are mounting to a level never seen since relevant employment records began in 1995, GDP figures are plunging and the rate of Covid-19 infection is resurgent in many European countries, most notably Germany, France ans Spain, investment activity also appeared to be divorced from the evidence across Europe too.        

Frankfurt’s Xetra Dax index put on a modest 1.8%, easily beaten by much bigger share price improvements for Teutonic automotive giants Volkswagen and BMW. Their motorcycling sidelines had nothing to do with that. It’s all about car sales optimism. KTM parent Pierer Mobility reversed a fortnight of losses to rise by a more modest degree.      

Currency: euro

Price

Week

Month

BMW

57.90

+4.8%

-2.6%

Volkswagen

149.80

+4.3%

+0.7%

Pierer Mobility

49.60

+1.2%

+1.2%

Further south, the Borsa Italiana’s MIB index in Milan climbed by 2.6%. However, transactions were subdued because Italy always grinds to a holiday-induced halt in August. Piaggio and Energica were behind the market curve with lesser advances.

Currency: euro

Price

Week

Month

Piaggio Group

2.53

+1.6%

+2.4%

Energica Motor

2.00

+2%

-2%

 

JAPAN — RISING SUN? 

The rebound in Japanese commercial confidence continued at pace, as reflected by a muscular 4.3% lift for Tokyo’s Nikkei 225 stock index — a second consecutive substantial weekly advance. All four indigenous motorcycle manufacturers were ahead of the game                                          

Currency: yen

Price

Week

Month

Honda

2722

+6.8%

-3.3%

Yamaha

1783

+6.4%

+4.6%

Suzuki

4195

+7.1%

+7.5%

Kawasaki

1523

+6.7%

-8.1%

INDIA — GETTING WORRIED

India’s mood darkened and the Bombay Stock Exchange’s BSE Sensex 30 stock index returned to negativity by 0.4%, the only major bourse worldwide to do so. Royal Enfield parent Eicher was deprived of its entire bonus in the previous week.    

Currency: rupee

Price

Week

Month

Hero MotoCorp

2803.80

+3.6%

+1.4%

Bajaj Auto

2987.55

-0.5%

-0.2%

TVS Motor

418.10      

-0.8%

+7.2%

Eicher Motors

20,144.15

-7.6%

+7.1%

Mahindra

614.45

+2.3%

+4.4%

CHINA — NUMBERS CRUNCH

News that Chinese consumers aren’t spending as enthusiastically as earlier recovery indicators had suggested rattled investors and Shanghai’s SSE Composite index flattened, just 0.2% up. Our BDN 10 index of listed Chinese bike producers fell by 1.8% on a weekly basis, but still flaunted a monthly 8.4% gain.        

Currency: yuan

Price

Week

Month

Qianjiang

16.08

-4.7%

-7.3%

Zongshen

9.50

-1.9%

+18.8%

Sundiro

4.08

-0.2%

+31.2%

CETC Energy    

6.61

+2%

+14%

Lifan

4.08

-12.6%

-13.8%

Loncin

4.50

+1.1%

+17.8%

Linhai

7.49

+3.3%

+9.7%

Guangzhou Auto

10.67

+3.4%

+15.6%

CFMoto

87.75

-8.6%

-3.3%

 

Currency: HK dollar

Price

Week

Month

Jianshe

4.26

+0.5%

+1.2%