3 ASX 200 shares hitting fresh all-time highs on Monday

These ASX 200 shares are running ahead of the broader market.
The post 3 ASX 200 shares hitting fresh all-time highs on Monday appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) has bounced back strongly on Monday after sliding 1.10% to 7,440 within the first hour of trade.

At the time of writing, the ASX 200 is down 0.22% to 7,506 with weakness across energy and materials sectors partly offset by strength across tech, consumer discretionary and utilities.

While the market continues to chop back and forth in September, here are the ASX 200 shares marking new all-time highs today.

ASX 200 shares scoring fresh all-time highs on Monday

1. Carsales.Com Ltd (ASX: CAR)

The Carsales share price has been trending strongly since July, rallying 31% with only a few momentary pullbacks. Its added another 2.32% on Monday to a new all-time high of $25.97.

The move up today is consistent with the strength behind the S&P/ASX Information Technology (INDEXASX: XIJ) index, currently trading 0.85% higher.

The tech index is largely green across the board, headlined by gains from Afterpay Ltd (ASX: APT), Xero Limited (ASX: XRO) and Computershare Ltd (ASX: CPU).

2. IDP Education Ltd (ASX: IEL)

The IDP Education share price is one of few ASX 200 shares to stage a V-shaped recovery on the day of its earnings.

IDP shares dived 9.53% to $25.24 within the first few minutes of trade, before closing 1.72% higher at $27.90.

The company’s FY21 results seemed deserving of the initial selloff with revenue down 10% to $528.7 million and adjusted net profit after tax (NPAT) down 36% to $45 million.

The IDP share price rallied 14.2% since results day, marking a new all-time high of $32.72 on Monday.

3. Domino’s Pizza Enterprises Ltd. (ASX: DMP)

The Domino’s share price is on track to become one of the top performing ASX 200 shares this year, surging 78.5% year-to-date.

The company’s FY21 full-year results announcement on 18 August was a recent catalyst that helped its shares rally to new all-time highs.

Domino’s revealed well-rounded growth in FY21 with Group sales increasing 14.6% to $3.74 billion and NPAT surging 29.2% to $188.2 million.

Domino’s was pleased to announce that 285 new stores were opened during the period, reflecting a 10.7% increase in overall stores. This figure surpassed its previous target of between 7% to 9% within the next 3 to 5 years.

The post 3 ASX 200 shares hitting fresh all-time highs on Monday appeared first on The Motley Fool Australia.

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More reading

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3 ASX 200 shares hit new all-time highs this earnings season

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Idp Education Pty Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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