Insights

3 ASX 200 shares smashing new 52-week highs on Thursday

It’s a good day to own these ASX 200 favourites.
The post 3 ASX 200 shares smashing new 52-week highs on Thursday appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) is back on track today after posting its first loss in more than a week on Wednesday. And some of its favourite constituents are taking advantage of its upwards momentum, posting their highest share prices in at least a year.

Right now, the ASX 200 is trading 0.3% higher.

Let’s take a closer look at the 3 ASX giants surging to their highest point in 52 weeks today.

3 ASX 200 shares soaring to long-forgotten highs

Transurban Group (ASX: TCL)

Shares in ASX 200 toll road operator Transurban leapt to a new 20-month high today, trading at $14.93.

Interestingly, no news has been released by the infrastructure giant over the last six weeks. Though, fundies have tipped to stock as a major inflation beater.

The fees that make up the company’s revenue are linked to Australia’s inflation measure, meaning its profits rise alongside inflation.

Vicinity Centres (ASX: VCX)

ASX 200 real estate investment trust (REIT) Vicinity Centres has also seen its share price reach a 52-week high today. It lifted around 2% to reach $2.12 earlier this morning before slipping to trade slightly in the red.

That marks a new post-COVID high for the stock. The stock has outperformed the S&P/ASX 200 Real Estate Index (ASX: XJO) by a whopping 37% over the last 12 months.

Steadfast Group Ltd (ASX: SDF)

The final ASX 200 share trading at a new 52-week high on Thursday is Steadfast Group. In fact, the stock reached its highest point ever today – leaping to $5.50 in intraday trade.

Steadfast operates a general insurance broker network in Australia and New Zealand.

The market hasn’t heard a word from the company since February.

Still, its share price has surged nearly 300% over the past five years to culminate in today’s new record high.

The post 3 ASX 200 shares smashing new 52-week highs on Thursday appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of July 7 2022

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

First mover: CBA share price rises amid interest rate changes
Why is the Block share price charging 10% higher on Thursday?
Why is the Kogan share price kicking goals on Thursday?
Why are ASX 200 tech shares having such a stellar run today?
What’s the outlook for the gold price in FY23?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Steadfast Group Ltd. The Motley Fool Australia has recommended Steadfast Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Rebate Rewards

Level 2 Rebate

Deposit $2,000 and get $200 Rebate
$ 200 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $2,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $200 Rebate
Popular

Level 1 Rebate

Deposit $1,000 and get $100 Rebate
$ 100 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $1,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $100 Rebate

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here To Get Started
EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here For More Info