Alongside a bullish broader market, here are 4 top shares that have also pushed into record territory.
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The S&P/ASX 200 Index (ASX: XJO) briefly traded above 7,400 for the first time on record on Wednesday.
Alongside the bullish performance of the broader market, these ASX 200 shares have also managed to push into record territory.
Commonwealth Bank of Australia (ASX: CBA)
First off the block is ASX 200 heavyweight, Commonwealth Bank of Australia.
The CBA share price has added another 0.89% to $105.75 this morning, another all-time record high for the largest ASX-listed stock. This brings the company’s shares to a year-to-date performance of an astonishing 26%.
It was just two weeks ago that its shares crossed the $100 mark for the first time on record.
Some factors that appear to support the bullish CBA share price include positive key lending data from the Australian Bureau of Statistics (ABS), soaring housing prices and continued momentum in the bank’s earnings, evidenced by its third-quarter results.
Wesfarmers Ltd (ASX: WES)
Similarly, Wesfarmers peaked at an all-time record high this week, closing at $57.13 on Wednesday. It’s up about 11% this year.
The company’s half-year results delivered strong sales and earnings growth across its retail businesses, alongside an improvement in performance for its industrial and safety segments. The group experienced a 16.6% increase in revenue to $17,774 million while net profit also lifted 14.9% to $1,390 million.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
Domino’s Pizza shares hit a record all-time high on Tuesday of $118.08 with year-to-date performance up about 33.5%. After a relatively flat day on Wednesday, Domino’s share price is trading 0.82% lower at the time of writing at $116.73.
The company recently spent $79 million to acquire stores and franchise rights held by Domino’s Taiwan.
The acquisition will expand the company’s geographic footprint and add a sophisticated network of 138 franchised stores and 19 corporate stores.
Domino’s February half-year results highlight the company’s growth aspirations, with a medium term goal of 3–6% same store sales growth and 7–9% new organic store additions on a year-on-year basis.
From a more long-term perspective, the company aims to double its existing store network from the reported 2,795 in 1H21 to 5,550 stores by FY25-33.
REA Group Ltd (ASX: REA)
The REA share price closed at a record all-time high of $169.95 on Wednesday, lifting about 10% so far this year. Shares have slipped 1.5% today, trading at $167.5 at the time of writing.
The company has committed to accelerating its financial services offering, with a proposed takeover of Mortgage Choice in March and recent investment in mortgage software solutions business, Simpology.
The leading digital real estate advertising business reported strong signs of recovery for residential listings in its third quarter results. Alongside an improvement in listings, the company reported a record number of visitors, with a record 13.2 million website visitors and 63.4 million app launches in March.
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Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.