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Share prices

13/09/2021

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 10 September 2021. BDN financial editor Roger Willis reports.

USA — RISING PRICES KNOCK CONFIDENCE

Wall Street market indices had their worst week in two months, after release of data showing US factory-gate prices had risen by 0.7% in August — much higher than analyst estimates.   

With inflationary concerns once again to the fore, the blue-chip S&P 500 and Dow Jones Industrial Average posted respective 1.7% and 2.2% losses. S&P’s MidCap 400 was hit even harder, closing 2.7% down over a shortened four sessions of trading.                    

HOGOMETER

After marking time at $39.16 for US Labour Day celebrations, Harley-Davidson shares sank by 1.8% when the NYSE resumed business on Tuesday. The price then plunged into 37-buck territory, a further 3.5% down on Wednesday. A temporary 0.5% gain worth four cents on Thursday didn’t stick and it dropped back to Wednesday’s nadir on Friday — Harley’s lowest valuation level since late March.                  

Currency: dollar

Price

Week

Month

Harley-Davidson

37.10

-5.3%

-9.3%

Polaris Industries

119.89

-0.7%

-9.5%

Textron

70.55

-2.8%

-10.5%

EUROPE — ECB DITHERS ON STIMULUS TAPER

The European Central Bank’s muted response to similar worries, only promising to slowly reduce stimulus measures now suspected of driving inflation, won it no friends. Continental stocks retreated too, with a steep slide on some eurozone markets. 

In Germany, Frankfurt’s Xetra Dax index finished 1.1% down. Biker-related automotives BMW and Volkswagen both lost ground, flipping from the previous fortnight’s consistent positivity. KTM parent Pierer continued to bask in the glow of strong half-year results, though.         

Currency: euro

Price

Week

Month

BMW

79.15

-0.3%

-4.7%

Volkswagen

280.40

-2.9%

-9.3%

Pierer Mobility

78.00

+0.5%

+5.7%

Italian sentiment weakened faster and Milan’s MIB index had slumped by 1.5% at close of play on Friday. While Piaggio suffered moderately, electric superbike maker Energica entirely bucked this trend.         

Currency: euro

Price

Week

Month

Piaggio Group

3.14

-0.3%

-6.3%

Energica Motor

3.12

+1.6%

-1.9%

JAPAN — NEW BROOM ON THE HORIZON 

Taro Kono, a relatively young politician by Japan’s standards who is styled as an innovative reformer keen on sweeping bureaucracy aside, was elevated as prime contender to replace discredited outgoing Japanese prime minister Yoshihide Suga. Tokyo’s Nikkei 225 index rose for a second consecutive week in approval, adding 4.3%. All four indigenous motorcycle manufacturers went along for the ride, some by greater margins.                                                      

Currency: yen

Price

Week

Month

Honda

3431

+1.5%

-4%

Yamaha

3080

+9.5%

+7.5%

Suzuki

5063

+5.3%

+3.6%

Kawasaki

2501

+2.5%

+2.2%

INDIA — PRAYERS FOR PROFIT?

Following the previous week’s big boost for Indian biker stocks on the back of good sales forecasts covering the imminent festive season, Mumbai went quiet during an abbreviated four sessions characterised by low trading volumes and lack of investor focus. The Bombay Stock Exchange’s BSE Sensex 30 index added a gestural 0.3% as Friday’s devoutly-observed Hindu religious festival of Ganesh Chaturthi became the main attraction for all and sundry.                   

Currency: rupee

Price

Week

Month

Hero MotoCorp

2796.70

-0.1%

+0.9%

Bajaj Auto

3700.60

-1.5%

-3.3%

TVS Motor

544.75

+0.8%

-1.6%

Eicher Motors

2818.20

+0.6%

+10.7%

Mahindra

750.75

+0.1%

-3.6%

CHINA — WORDS OF COMFORT

Chinese markets rallied after deputy prime minister Liu He assured investors that the government would continue to support private businesses, despite a regulatory crackdown on the tech, gaming and education sectors. Shanghai’s all-share SSE Composite index put on 3.4% and the CSI 300 spanning blue-chips in both Shanghai and Shenzhen did slightly better, 3.5% up. A clear majority of motorcycle producer listings benefited from the improving mood.               

Currency: yuan

Price

Week

Month

Qianjiang

15.09

-4.1%

+2.6%

Zongshen

7.34

-0.3%

-8.2%

Sundiro

2.32

+9.4%

+16.6%

CETC Energy    

15.51

+15.4%

+15.1%

Lifan

7.22

+3.1%

+14.6%

Loncin

4.35

+11%

+22.2%

Linhai

7.25

+0.1%

-0.1%

Guangzhou Auto

18.72

-2.8%

+23.2%

CFMoto

125.00

+0.6%

+11.8%

Xinri E-Vehicle

17.13

+1.8%

-16.5%

                                                                       

Currency: HK dollar

Price

Week

Month

Jianshe

5.64

-2.8%

+17.7%