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Share prices

23/11/2020

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 20 November 2020. BDN financial editor Roger Willis reports.

USA — BALANCING THE ODDS

US market confidence was tempered by the Biden versus Trump stand-off and America’s worsening pandemic on one hand and multiplying Covid vaccine propositions on the other. Evidence that large institutional investors were hedging their bets came from both of Wall Street’s blue-chip indices — the S&P 500 and Dow Jones Industrial Average — ending the week 0.8% down. 

However, punters were obviously more optimistic about medium-sized companies. S&P’s MidCap 400 index climbed by 1.6% and two out of the three MidCap powersports contenders prospered. But although Indian Motorcycle parent Polaris went negative, it had pulled back almost all of a sharp loss incurred on Wednesday, following news that company chairman and chief executive Scott Wine had jumped ship to take up a far more lucrative post.               

HOG-OMETER — LADY LUCK SMILES

Harley-Davidson’s run of good fortune continued on Monday with a 2.5% Hog-ometer, approaching the verge of 36-buck status. And then a further 0.5% rise on Tuesday broke through that barrier by 16 cents. But a 0.4% reversal on Wednesday pulled the shares back to exactly 36 dollars. Joy returned on Thursday, though, with a second 2.5% gain, capped by an additional 0.7% on Friday to smash into the 37-buck realm for the first time this year. Short-term speculators will now be focusing beady eyes on an impressive monthly advance and assessing whether it’s time to cash in their chips.                    

Currency: dollar

Price

Week

Month

Harley-Davidson

37.10

+5.9%

+23.6%

Polaris Industries

91.91

-1.4%

-0.1%

Textron

44.81

+2.9%

+27.3%

EUROPE — STILL INJECTING ENTHUSIASM 

European euphoria engendered by successful test trials for what now amounts to three different Covid-19 vaccines from Pfizer, Moderna and Astra Zeneca continued to outstrip concerns about remorselessly rising infection rates. But the investment mood in Germany was somewhat more sombre than over the previous fortnight. Frankfurt’s Xetra Dax index crept higher by just 0.5%. The trio of motorcycle-related Teutonic stocks trading in Frankfurt all benefited from a third week of gains but the degree was a lot smaller for BMW and Volkswagen.           

Currency: euro

Price

Week

Month

BMW

73.76

+4.4%

+15.7%

Volkswagen

161.40

+1.8%

+9.9%

Pierer Mobility

53.50

+1.9%

+3.9%

Italians took greater solace from the growing choice of drugs, so Milan’s MIB index put on a stronger 3.8%, which Piaggio easily outpaced. Like its German counterparts, that represented steady progress right through November to date. Energica continued to gradually fall back from a big hike at the beginning of the month.           

Currency: euro

Price

Week

Month

Piaggio Group

2.68

+4.7%

+16.5%

Energica Motor

1.67

-1.8%

+15.2%

JAPAN — RAISED HOPES 

Calm pervaded the Japanese after a previous week of over-excitement. Nevertheless, growing certainty that Trump was heading for the exit and commercial prospects were set to improve was expressed through a modest 0.6% improvement for Tokyo’s Nikkei 225 index. All four indigenous motorcycle manufacturers advanced. But as elsewhere, the size of weekly rises diminished.                                                                                                                                                                                                          

Currency: yen

Price

Week

Month

Honda

2977

+2.2%

+15.4%

Yamaha

1965

+1.9%

+25%

Suzuki

5445

+5.2%

+17.7%

Kawasaki

1588

+3%

+17%

INDIA — FESTIVE HANGOVER

With Diwali’s frantic party finally over, most of India’s commercial community was probably suffering from headaches. Equities trading in Mumbai was very thin and the Bombay Stock Exchange’s BSE Sensex 30 index put on just 1%. Among biker shares, star performer was Mahindra. Its relaunch of the BSA brand in the UK at the beginning of the week had been widely reported in the Indian media and clearly helped boost interest.           

Currency: rupee

Price

Week

Month

Hero MotoCorp

2998.65

-4.2%

-3.6%

Bajaj Auto

3058.55

+0.6%

-0.8%

TVS Motor

478.45      

+0.1%

+7.6%

Eicher Motors

2590.65

+3%

+18.7%

Mahindra

715.60

+13.6%

+14.5%

CHINA — KEEPING QUIET

After a previous rocky week, Shanghai’s SSE Composite index returned to positivity, adding 2%. The driver was pretty much “no news is good news” from the direction of America. Ignoring big gains for Wuyang Honda parent Guangzhou Automobile and Yamaha JV partner Jianshe, the remaining eight listed bike producers trailed behind the SSE, averaging 1% growth.              

Currency: yuan

Price

Week

Month

Qianjiang

27.66

-3.9%

+5.8%

Zongshen

8.56

+5.9%

+8.5%

Sundiro

3.00

-1%

-11.8%

CETC Energy    

6.11

-0.2%

+3.9%

Lifan

5.68

+7.6%

+13.4%

Loncin

4.08

+2.3%

+1.2%

Linhai

7.28

+4.3%

+3.9%

Guangzhou Auto

14.29

+13.9%

+19.3%

CFMoto

156.75

-6.4%

+2.8%

Currency: HK dollar

Price

Week

Month

Jianshe

5.07

+16%

+7.4%