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Share prices

31/08/2021

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 27 August 2021. BDN financial editor Roger Willis reports.

USA — STIMULUS END IS NIGH

Wall Street market indices touched absolute record highs, after US Federal Reserve chairman Jerome Powell announced his central bank would soon begin to unwind crisis-era economic support measures. The blue-chip S&P 500 and Dow Jones Industrial Average finished respectively 1.5% and 1% higher, while S&P’s MidCap 400 index climbed by a muscular 3.4%.   

However, the ongoing holiday season meant trading volumes were very low and benefits were mixed for some MidCap listings. Front-line US powersports stocks Harley-Davidson and Polaris, for example, both closed on the back foot.                    

HOGOMETER

“Stripper’s knickers” syndrome afflicted Harley-Davidson shares for a second week, with the price eventually going nowhere. Monday’s trivial 0.1% fall represented just two cents in arrears. But Tuesday gained 2.8%, lifting the stock up to a weekly peak of $40.63. That didn’t last. Declines of 0.9% on Wednesday and 2.7% on Thursday then dragged it down to a nadir of $39.17. And Friday’s 0.8% recovery still left Harley five cents behind its five-session loop.                  

Currency: dollar

Price

Week

Month

Harley-Davidson

39.50

-0.1%

-0.3%

Polaris Industries

123.07

-1.2%

-6.1%

Textron

72.89

+2.7%

+5.6%

EUROPE — LIFE’S A BEACH

Trading activity was also well below average levels across European national bourses, as many investors enjoyed their final sun-bathing opportunities rather than striving to make money. But brighter news from America nevertheless helped to lift market sentiment out of the previous week’s misery. 

Frankfurt’s Xetra Dax added a modest 0.3%. Both big German automotives with biker side-lines returned to small portions of positivity, following the severe hammering they had taken five sessions earlier.         

Currency: euro

Price

Week

Month

BMW

78.28

+1.7%

-6.7%

Volkswagen

282.00

+0.8%

+0.7%

Pierer Mobility

75.40

-0.5%

+2.6%

Further south, the Italian mood improved in line with Germany, as Milan’s MIB index exactly matched the Dax with a 0.3% rise. Piaggio stayed dead flat week-on-week, though.         

Currency: euro

Price

Week

Month

Piaggio Group

3.17

N/A

-2.2%

Energica Motor

3.06

-0.6%

+4.1%

JAPAN — SIGH OF RELIEF 

Ever willing to take their cues from American optimism, the Japanese temporarily shrugged off harsh realities and Tokyo’s Nikkei 225 stock index rebounded sharply by 2.3%. 

All four indigenous motorcycle manufacturers mounted varying degrees of recovery from the previous week’s vicious sell-off.                

Currency: yen

Price

Week

Month

Honda

3247

+0.8%

-7%

Yamaha

2696

+1.8%

-1%

Suzuki

4653

+4.7%

+5%

Kawasaki

2347

+3.1%

+3%

INDIA — GLOOM PERVADES

Although Mumbai’s BSE Sensex 30 index returned to positivity, putting on 1.4%, there wasn’t much in the way of enthusiasm for investing in motorcycle producers. Only TVS crept above the positivity parapet, and then by a pathetically small margin.                  

Currency: rupee

Price

Week

Month

Hero MotoCorp

2674.05

-0.9%

-3.2%

Bajaj Auto

3699.45

-1.4%

-3.4%

TVS Motor

511.10

+0.1%

-11.8%

Eicher Motors

2576.10

-1%

+1.8%

Mahindra

775.15

-1.3%

+4.3%

CHINA — CONFIDENCE BOOSTERS

Although fears of further regulatory action against commercial enterprises by Beijing’s increasingly hard-line commie government haven’t gone away, the absence of any fresh moves united with other confidence boosters. Not least among these was the reopening of the vast Meishan terminal at China’s second-busiest container port after suppression of a Covid outbreak, promising a resolution of supply-chain congestion pressures on the Chinese industrial economy.    

Shanghai’s all-share SSE Composite index rose by 2.8% and the CSI 300 covering blue-chips in Shanghai and Shenzhen added 1.2%. Dramatically flipping from virtually across-the-board losses in the previous week, only two of the eleven quoted motorcycle producers remained negative.               

Currency: yuan

Price

Week

Month

Qianjiang

14.71

+5.4%

+4.2%

Zongshen

7.42

-7.2%

+1.9%

Sundiro

1.99

+0.5%

+5.3%

CETC Energy    

13.73

+5%

+1.2%

Lifan

6.23

+2.1%

+33.4%

Loncin

3.61

+3.1%

+8.7%

Linhai

7.40

+4.5%

+12.6%

Guangzhou Auto

17.50

+12.8%

+25.2%

CFMoto

138.00

+13.9%

+33.9%

Xinri E-Vehicle

17.07

-0.4%

-12.4%

                                                                       

Currency: HK dollar

Price

Week

Month

Jianshe

5.09

+2%

+7.4%