Register / Sign in

Share prices

01/09/2020

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 28 August 2020. BDN financial editor Roger Willis reports.

USA — MOSTLY WINNERS

Wall Street posted a seventh successive rise on Friday, capping a week positive in modest increments but adding up to hit a level close to record highs this year. American investors continue to clutch at whatever attractive straws are available — a slightly lower weekly total of new unemployment benefit claim registrations, upbeat US Federal Reserve remarks on inflation and promising rumours of a Covid-19 vaccine roll-out some time soon.            

The S&P 500, led by the usual minted high-tech Silicon Valley suspects, put on 3.3%. The Dow Jones Industrial Average, representing big-league manufacturers, did less well with a 2.6% hike. And the second-tier S&P MidCap index covering lower industrial ranks — and featuring Harley and Polaris — trailed behind on a more modest 1.9% improvement. Both of the aforementioned powersports contenders beat it.            

HOG-OMETER — AN ILLUSORY CLIMB

After the previous week’s loss, Harley-Davidson benefited from this fresh burst of NYSE bullish behaviour and the Hog-ometer recorded a muscular 4.5% share-price uptick on Monday. However, that moment of glory looked brief, because respective 2.1% and 0.7% declines followed on Tuesday and Wednesday. Thursday was marginal, with a tiny 0.3% improvement. But then a firmer 1.1% gain during Friday’s closing session meant a good conclusion in theory. In practice, though, bouncing around in 28-buck territory all week and a monthly advance of 9.4% meant Harley still hadn’t recovered fully from punishment inflicted by the market just over four weeks earlier, when it confessed to horrendous half-year results.             

Currency: dollar

Price

Week

Month

Harley-Davidson

28.45

+3%

+9.4%

Polaris Industries

104.23

+3.4%

+0.6%

Textron

39.97

+6.3%

+14.4%

EUROPE — LOOK NORTH 

Excuses for positivity also spread to northern Europe after the previous week’s gloom, prompted by yet another set of manufacturer’s PMI data insinuating that German recovery might be stronger than past estimates.        

Frankfurt’s Xetra Dax index rose by 2.1%. All of the previous week’s motorcycle-related losers flipped to gains. But for BMW and VW, that was associated to their car businesses rather than bikes.      

Currency: euro

Price

Week

Month

BMW

59.57

+5.1%

+9.1%

Volkswagen

152.30

+3.2%

+14.6%

Pierer Mobility

49.00

+1.2%

-0.4%

A far weaker 0.7% increase for the Borsa Italiana’s MIB index in Milan suggested a more sombre mood in southern climes. Both Piaggio and Energica suffered trend-bucking retreats.

Currency: euro

Price

Week

Month

Piaggio Group

2.42

-2.4%

+2.1%

Energica Motor

1.92

-3%

N/A

JAPAN — ON THE BRINK 

News that long-serving Japanese prime minister Shinzo Abe was quitting due to chronic ill-health came too late to seriously unsettle markets but still dragged Tokyo’s Nikkei 225 stock index down on Friday to a weekly finish 0.2% in arrears. Among indigenous motorcycle manufacturers, Yamaha was the only victim, falling roughly in line with that average. Abe’s departure may have a bigger impact in the coming week.                                                                                                                                                                                                   

Currency: yen

Price

Week

Month

Honda

2711.5

+2.3%

+7.4%

Yamaha

1657

-0.7%

+7.9%

Suzuki

4293

+2.5%

+23.6%

Kawasaki

1484

+1.1%

+3.5%

INDIA — GOOD FOR SOME

Mumbai’s BSE Sensex 30 stock index continued to climb for a second week, this time adding 2.7%. But Indian motorcycle manufacturers weren’t invited to the party with anything like the previous five sessions’ vigour. Royal Enfield parent Eicher’s stock split on Monday provided some amusement, though, as confused amateur investors caused an aberrant spike that provided generous profit opportunities for professionals.     

Currency: rupee

Price

Week

Month

Hero MotoCorp

3059.30

+0.9%

+14.3%

Bajaj Auto

3014.15

-1.3%

+0.3%

TVS Motor

449.75      

-0.8%

+16.1%

Eicher Motors

2213.60

+2%

+7.3%

Mahindra

631.40

+3.5%

+4.1%

CHINA — JANGLING NERVES

American attempts to undermine the reach of large Chinese multinationals was starting to worry markets, and Shanghai’s SSE Composite index managed only a third successive improvement below the 1% mark, this time of 0.7%. Our BDN Ten index of listed Chinese motorcycle producers came in well below that, putting on just 0.1%. But with high-rollers CFMoto and Benelli parent Qianjiang factored out on the positive side, and dire-straits Lifan similarly deleted for extreme negativity, the remaining seven averaged a 1.3% decline.        

Currency: yuan

Price

Week

Month

Qianjiang

21.54

+11.8%

+17.7%

Zongshen

9.02

-1.5%

-7.4%

Sundiro

3.97

-2%

+5.9%

CETC Energy    

6.17

-2.8%

+3%

Lifan

3.55

-18.8%

-18.9%

Loncin

4.35

-3.3%

+0.9%

Linhai

7.64

-0.5%

+9.9%

Guangzhou Auto

10.47

+0.4%

-3.1%

CFMoto

122.28

+15.4%

+25.8%

 

Currency: HK dollar

Price

Week

Month

Jianshe

4.14

+0.5%

-0.7%