Register / Sign in

Share prices

23/08/2021

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 20 August 2021. BDN financial editor Roger Willis reports.

USA — VOLATILITY REIGNS

As an icon of chaos pervading the global economy, nothing could beat the sight of giant rogue container ship Ever Given finally returning eastwards through the Suez Canal — which it had so spectacularly blocked back in March. But instead of being loaded with more than 18,000 of the empty steel containers cluttering European quaysides, which are desperately in short supply throughout the Far East, the vessel’s decks were entirely bare.   

Economic jitters, allied to Covid issues, certainly spooked American equities investment. US retail sales had fallen by 1.1% in July, with new car demand 3.9% down, and consumer confidence surveys indicated even weaker sentiment in early August. Market indices were volatile, swerving all over the place. The blue-chip S&P 500 and Dow Jones Industrial Average finished respectively 0.6% and 1.1% lower, after rallying a tad on Friday. S&P’s MidCap 400 incurred a 2% loss. Biker stocks fared consistently worse.                    

HOGOMETER

Harley-Davidson’s share price amply illustrated such volatility. Monday’s 0.6% gain to $41.14 was swiftly wiped out by reversals of 1.9% on Tuesday and 0.2% on Wednesday. Then it sank more severely by 2.6% on Thursday, down to $39.26. Joining Friday’s token flip contributed a modest 0.7% recovery.                 

Currency: dollar

Price

Week

Month

Harley-Davidson

39.55

-3.3%

-2.6%

Polaris Industries

124.58

-5.9%

-7.2%

Textron

70.96

-3.9%

+4.3%

EUROPE — MATCHING THE MOOD

Ragged nerves about Covid resurgence impact sabotaging economic recovery also swept across the eurozone, engendering the steepest weekly fall for European stocks in five months. 

Frankfurt’s Xetra Dax stock gauge closed 1.1% in arrears and the two big German automotives with motorcycling side-lines took a much more brutal kicking. Inexplicably, KTM parent Pierer dodged this bullet.         

Currency: euro

Price

Week

Month

BMW

76.98

-7.4%

-10%

Volkswagen

279.80

-9.5%

+0.2%

Pierer Mobility

75.80

+2.7%

+5%

The growing fear factor ensured that Italy’s previously upbeat stance crumbled rapidly. So its MIB index in Milan declined further, losing 2.8%. Piaggio was cruelly deprived of recent post-results gains.         

Currency: euro

Price

Week

Month

Piaggio Group

3.17

-5.4%

-2.5%

Energica Motor

3.08

-3.2%

+3.4%

JAPAN — SUPERSPREADER HITS SEMICONDUCTORS  

Toyota, Japan and the world’s biggest automotive manufacturer, announced that it was slashing output by 40% during September. The reason was massive Covid infection surges in Vietnam and Malaysia, shuttering semiconductor and other component plants that supply its global network. These exacerbated shortages, especially relating to microchips, are bound to knock on, hitting other Japanese car and motorcycle producers. 

In response, investors ran for cover. Tokyo’s Nikkei 225 stock index plunged by 3.4% and Japan’s indigenous bike brands fell by much greater degrees.                

Currency: yen

Price

Week

Month

Honda

3221

-9.9%

-5.8%

Yamaha

2649

-7.5%

-1.3%

Suzuki

4443

-9.1%

-2.1%

Kawasaki

2276

-7%

+2.9%

INDIA — CHIP SHORTAGES HIT BIGGEST BRANDS

The worsening semiconductor famine spread panic like a disease across Asia. And Indian industry didn’t escape. Mumbai’s BSE Sensex 30 index flipped from the past fortnight of very firm positivity to a 0.2% loss. Given every steed made by indigenous motorcycle mass-market leaders Hero, Bajaj and TVS features chip-dependent EFI, it was unsurprising that their share prices promptly slumped.                  

Currency: rupee

Price

Week

Month

Hero MotoCorp

2697.50

-2.7%

-4.9%

Bajaj Auto

3751.50

-1.9%

-2.4%

TVS Motor

510.50

-7.8%

-12.3%

Eicher Motors

2601.65

+2.2%

+2%

Mahindra

785.65

+0.9%

+2.8%

CHINA — THRICE BITTEN

Reluctantly released government statistics revealed that the country’s economy is now cooling markedly, in the face of supply-chain disruption. Closure of yet another major container port owing to a fresh Covid outbreak didn’t exactly brighten the mood. And rising regulatory pressures on a widening raft of Chinese companies weighed heavily on investor sentiment.    

Shanghai’s all-share SSE Composite index retreated by 2.5% and the CSI 300 covering blue-chips in Shanghai and Shenzhen finished a harsher 3.6% down. Only two of China’s eleven listed motorcycle producers stayed shiny side up.               

Currency: yuan

Price

Week

Month

Qianjiang

13.95

-5.2%

-9.2%

Zongshen

8.00

N/A

+0.5%

Sundiro

1.98

-0.5%

-1%

CETC Energy    

13.08

-2.9%

+0.1%

Lifan

6.10

-3.2%

+19.8%

Loncin

3.50

-1.7%

-1.1%

Linhai

7.08

-2.5%

+4.4%

Guangzhou Auto

15.51

+2.1%

+4.9%

CFMoto

121.17

+8.3%

+2.7%

Xinri E-Vehicle

17.13

-16.5%

-15.1%

                                                                       

Currency: HK dollar

Price

Week

Month

Jianshe

4.99

+4.2%

+8.2%