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Share prices

16/08/2021

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 13 August 2021. BDN financial editor Roger Willis reports.

USA — PICK AND MIX YOUR CUES

American sentiment was propped up by expectations of better US inflation data due mid-week. When this arrived, it showed that the annualised consumer price index had in fact stuck at 5.4% in July, above the 5.3% anticipated by economists. This information was simply ignored in favour of a month-on-month basis, where prices had risen by 0.5%, down from a 0.9% increase in June, therefore it was safe to assume the pace of increases was past its peak.   

Taking this cue, Wall Street casino investors carried on regardless. The blue-chip S&P 500 and Dow Jones Industrial Average indices respectively lifted by 0.7% and 0.9%, once more banging against record highs. However, S&P’s MidCap 400 maintained a slightly more circumspect 0.5% increment for a second successive week.                 

HOGOMETER

Harley-Davidson initially stalled on Monday, losing 0.2%. But then its shares rode New York’s general sense of bonhomie, climbing out of 39-buck ignominy by 1.7% on Tuesday and then 3.6% on Wednesday to reach a weekly summit of $41.86. However, respective 0.7% and 1.6% declines wiped the shine off rejuvenation on Thursday and Friday.               

Currency: dollar

Price

Week

Month

Harley-Davidson

40.90

+2.7%

-5%

Polaris Industries

132.45

+0.7%

+3.6%

Textron

78.83

+1.7%

+11.4%

EUROPE — UNINTERRUPTED PROGRESS

Eurozone market indices stayed firmly in positive territory for a second consecutive week, on the back of strong recovery evidence for big European industrial economies. Frankfurt’s Xetra Dax index repeated the 1.4% gain it had made in the previous five sessions. 

The two German automotive leviathans with motorcycling side-lines made solid advances. KTM parent Pierer again underlined its lack of free-float liquidity with minimalist share movements.                

Currency: euro

Price

Week

Month

BMW

83.09

+1.2%

-2.8%

Volkswagen

309.20

+3.8%

+10.4%

Pierer Mobility

73.80

-0.1%

+0.1%

A fourth week of Italian good cheer added another 2.5% improvement to Milan’s MIB index. Both headline biker listings enjoyed weekly and monthly hikes in value.         

Currency: euro

Price

Week

Month

Piaggio Group

3.35

+1.2%

+4.7%

Energica Motor

3.18

+6%

+6.4%

JAPAN — COVID GLOOM RESUMES  

With the highly-infectious Delta variant now deemed “out of control” in the region around Tokyo, and a lacklustre vaccination programme, Japan’s Nikkei 225 stock index struggled to remain positive by 0.6%. Broadly speaking, indigenous motorcycle manufacturers held station in the aftermath of strong quarterly results. But Honda was the victim of analyst complaints that its car division had underperformed on Q1 profit recovery estimates, following more detailed perusal of the company’s corporate earnings statement.                

Currency: yen

Price

Week

Month

Honda

3574

-1.6%

+1.6%

Yamaha

2865

+0.5%

+3.5%

Suzuki

4889

+5%

+6.6%

Kawasaki

2446

+0.1%

+6.3%

INDIA — THUMBS DOWN AGAIN

A brief hiatus to celebrate corporate tax cuts did extend to a second week for large Indian conglomerates like Mahindra, which is the world’s largest agricultural tractor manufacturer among other pursuits, besides making modest quantities of motorcycles. So Mumbai’s BSE Sensex 30 stock index put on 2.1% and Mahindra’s share price was the only riser in our bike listings. For the rest, renewed focus on disrupted dealer chains, production and sales shortfalls meant a resumption of declining investor sentiment.               

Currency: rupee

Price

Week

Month

Hero MotoCorp

2772.20

-2.2%

-4.6%

Bajaj Auto

3825.75

-0.6%

-2.7%

TVS Motor

553.45

-2.9%

-9.5%

Eicher Motors

2546.80

-7.3%

-2.7%

Mahindra

778.65

+2.7%

-0.1%

CHINA — SMILEY BIKERS

Although China’s regulatory crack-down on its previously buccaneering tech-sector giants isn’t over, the effect has moderated in the past week to only a subdued 0.5% rise for the blue-chip CSI 300 index covering major corporates listed in Shanghai and Shenzhen.   

Shanghai’s all-share SSE Composite, packed with ordinary mortals mainly in manufacturing industries, put on 1.7%. Among eleven listed motorcycle producers, CETC (formerly Jialing) was the solitary loser. Eight of them easily blasted past the market average, some by substantial degrees.               

Currency: yuan

Price

Week

Month

Qianjiang

14.71

+0.8%

-10.1%

Zongshen

8.00

+10%

+6.8%

Sundiro

1.99

+5.3%

-2.5%

CETC Energy    

13.47

-1.5%

-6.4%

Lifan

6.30

+12.7%

+28%

Loncin

3.56

+6.3%

+3.5%

Linhai

7.26

+6%

+10%

Guangzhou Auto

15.19

+4.8%

+5%

CFMoto

111.85

+8.4%

-12.3%

Xinri E-Vehicle

20.51

+3.9%

-1.7%

                                                                       

Currency: HK dollar

Price

Week

Month

Jianshe

4.79

+0.8%

+5%