A snapshot of motorcycle and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 9 August 2024. BDN financial editor Roger Willis reports.
USA — ROLLERCOASTER OVER
The previous week’s huge equities sell-off, which had spread around the world like wildfire, initially carried over. Then most markets began to stage a rebound by Wednesday. Investors were cautious, though. Many share categories started to slide again as the weekend approached and Wall Street indices all finished with minor degrees of negativity.
Blue-chip S&P 500 stocks closed 0.1% down and S&P’s MidCap 400 was 0.4% in arrears. The Dow Jones Industrial Average and NASDAQ’s tech-heavy Composite were respectively adrift by 0.6% and 0.2%. Powersport stocks were mostly still afflicted. Harley-Davidson and its electric spin-off LiveWire were among the losers. And NASDAQ-listed Energica parent Ideanomics took a spectacularly severe spanking. But Polaris made a modest recovery.
Currency: dollar | Price | Week | Month |
Harley-Davidson | 35.41 | -1.1% | +3.8% |
Polaris Industries | 79.83 | +1.2% | -2.8% |
Textron | 85.13 | -2.4% | -3.8% |
Ideanomics (Energica) | 0.33 | -45.9% | -62.5% |
Niu Technologies | 1.83 | -4.2% | -18.3% |
LiveWire | 6.49 | -1.2% | -16.4% |
EUROPE — BOUNCE BACK
By Friday, Germany’s Xetra Dax index in Frankfurt had led a recovery, turning positive by 0.3%. And the Wiener Börse ATX in adjacent Austria closed 1% up. But Milan’s FTSE MIB remained on the back foot to the tune of 0.7%. However, all four motorcycle-related European listings still posted weekly losses.
Currency: euro | Price | Week | Month |
BMW | 79.70 | -2.9% | -13.5% |
Volkswagen | 101.70 | -2% | -11.9% |
Pierer Mobility | 27.70 | -2.5% | -12.1% |
Piaggio Group | 2.51 | -0.4% | -7.1% |
JAPAN — PERVASIVE GLOOM
The Japanese were much slower to seek recovery. Tokyo and Osaka’s Nikkei 225 index ended the week with a 2.5% decline. Complications for motorcycle-related stocks came from a parallel stream of ill-timed quarterly results releases. Honda, Yamaha and Kawasaki share prices were roundly punished but Suzuki benefited.
Currency: yen | Price | Week | Month |
Honda | 1420 | -6.7% | -16.6% |
Yamaha | 1170 | -6.4% | -25% |
Suzuki | 1626 | +0.6% | -13.5% |
Kawasaki | 4187 | -11.6% | -26.8% |
INDIA — LATE NEWS
The earlier global sell-off impact eventually caught up with Indian investors. Mumbai’s S&P BSE Sensex and NSE Nifty 50 indices copped respective reversals of 1.6% and 1.4%. Among major motorcycle manufacturers, Bajaj, TVS and Royal Enfield parent Eicher escaped inclusion in the grief. Hero MotoCorp and Mahindra weren’t so lucky.
Currency: rupee | Price | Week | Month |
Hero MotoCorp | 5207.20 | -1.3% | -6.1% |
Bajaj Auto | 9765.95 | +1.6% | +3.6% |
TVS Motor | 2581.45 | +0.6% | +5.8% |
Eicher Motors | 4830.60 | +2.2% | -0.6% |
Mahindra | 2749.15 | -0.1% | +1.7% |
CHINA — INFECTION ARRIVAL
The frenzied bout of instabilty throughout Western markets eventually arrived on Chinese shores too. Shanghai’s SSE Composite and the blue-chip CSI 300 indices both turned negative, incurring respective 1.5% and 1.6% losses.
Motorcycle producer listings were on the receiving end of pretty much consistent punishment from concerned investors. The sole exception was keen independent exporter CFMoto.
Currency: yuan | Price | Week | Month |
Qianjiang | 15.45 | -3.4% | -2.2% |
Zongshen | 12.54 | -20.1% | +18.9% |
Sundiro | 2.99 | -2% | +4.9% |
CETC (Jialing) | 11.20 | -0.8% | +7.8% |
Lifan | 4.18 | -6.3% | -0.2% |
Loncin | 6.35 | -6.6% | -3.2% |
Linhai | 7.02 | -0.4% | +2.5% |
Guangzhou Auto | 7.60 | -5% | -3.1% |
CFMoto | 142.09 | +8.9% | -4.1% |
Xinri E-Vehicle | 9.34 | -3.2% | -3.2% |