A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 24 June 2022. BDN financial editor Roger Willis reports.
USA — TRADING FANTASIES
A burst of counter-intuitive behaviour, with Wall Street traders betting that the risk of recession will restrict further aggressive interest-rate rises by central bankers, pushed US markets up to their first gains so far this month.
Despite many analysts mocking this mood shift in the face of rampant inflation, New York’s blue-chip S&P 500 index and the Dow Jones Industrial Average boasted respective 6.4% and 5.4% weekly recoveries. S&P’s MidCap 400 put on 5.1%.
HOGOMETER
After Monday’s “Juneteenth” break commemorating the abolition of US slavery, the NYSE opened for business on Tuesday and Harley-Davidson was an immediate beneficiary, its shares rising by 1.9%. Successive 0.5% increases followed on Wednesday and Thursday. Friday’s surge of questionable investor optimism pushed the price up by a further 3.5%, to complete a straight positive run.
| Currency: dollar | Price | Week | Month |
| Harley-Davidson | 32.80 | +6.5% | -9.7% |
| Polaris Industries | 107.57 | +10.3% | -0.3% |
| Textron | 60.62 | +3.1% | -8.2% |
| Ideanomics (Energica) | 0.78 | +16.4% | +23.8% |
EUROPE — HERD MENTALITY
European markets gratefully tracked the US sentiment swing. But some investors were clearly less convinced by its logic. Germany’s Xetra Dax index in Frankfurt closed virtually flat, a marginal 0.1% down. However, all three Teutonic motorcycle-related listings continued on their losing streaks. In Italy, Piaggio shares declined for a fourth consecutive week too, despite Milan’s MIB index gaining 1.5%.
| Currency: euro | Price | Week | Month |
| BMW | 74.94 | -3.4% | -7.2% |
| Volkswagen | 180.95 | -0.4% | -8.2% |
| Pierer Mobility | 64.80 | -3.9% | -10.1% |
| Piaggio Group | 2.30 | -0.9% | -6.5% |
JAPAN — BOUNCE BACK
In Tokyo, where the Japanese central bank is still maintaining its loose monetary policy anyway, investors were also happy to take cues from America. The Nikkei 225 index rose by 2% and three of Japan’s big-four biker brands returned to positivity — shrugging off the previous week’s sharp losses. Kawasaki was an inexplicable dunce.
| Currency: yen | Price | Week | Month |
| Honda | 3320 | +1.8% | +5.6% |
| Yamaha | 2594 | +1.5% | +2% |
| Suzuki | 4217 | +4.3% | +13.4% |
| Kawasaki | 2554 | -7.7% | +2.1% |
INDIA — CARELESS WITH COSTS
Indian inflation officially climbed to 6% and motorcycle manufacturers, led by Hero MotoCorp, reacted by announcing immediate retail price rises for their wares — blithely feeding an inflationary spiral. Nevertheless, investors responded favourably, as other industries followed suit. Biker shares added considerable value and Mumbai’s BSE Sensex 30 stock index posted a 2.7% improvement.
| Currency: rupee | Price | Week | Month |
| Hero MotoCorp | 2759.95 | +11.9% | +1.5% |
| Bajaj Auto | 3813.35 | +5.1% | -0.5% |
| TVS Motor | 798.75 | +7.9% | +10.4% |
| Eicher Motors | 2877.90 | +10.5% | +5% |
| Mahindra | 1072.05 | +7.5% | +12.5% |
CHINA — RECOVERY RACE
China’s economy is getting back in gear fast, as anti-Covid measures are progressively relaxed. Market indices improved for a fourth consecutive week — Shanghai’s all-share SSE Composite and the blue-chip CSI 300 respectively up by 1% and 2%. However, six of the eleven listed Chinese motorcycle producers were losers.
| Currency: yuan | Price | Week | Month |
| Qianjiang | 19.98 | -0.9% | +37.3% |
| Zongshen | 6.08 | -1.6% | +2.5% |
| Sundiro | 2.14 | -1.4% | +5.4% |
| CETC (Jialing) | 11.37 | +3.3% | +13.1% |
| Lifan | 5.72 | +9.2% | +23.5% |
| Loncin | 4.95 | -0.4% | +6.2% |
| Linhai | 8.80 | +0.2% | -7.2% |
| Guangzhou Auto | 17.46 | +1.5% | +20.2% |
| CFMoto | 125.27 | -2.7% | +4.7% |
| Xinri E-Vehicle | 15.66 | +5.4% | +12.3% |
| Currency: HK dollar | Price | Week | Month |
| Jianshe | 5.15 | -1.3% | +13.4% |