ASX 100 new highs of the past week – Are they buys?

Gaming machines, banking and infrastructure were the themes of the week.

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The S&P ASX 100 Index (ASX: ^XTO) rose 0.6% in the past week. The Aussie dollar climbed back above $0.92c to the US$, a level where exporters may start to feel a pinch on sales and price competitiveness overseas. The brief rally in gold over the past month quickly fell away to US$1,300/oz from as high as $1,391/oz and ended on Friday at $1,291/oz.

Here are the ASX 100 stocks which hit new highs during the past week.

Aristocrat Leisure Limited (ASX: ALL) new high: $5.55 Friday close: $5.36

The gaming machine manufacturer has risen about 46% over the past 12 months. Its PE is 25 and it has a dividend yield of 2.9%.

Bank of Queensland Limited (ASX: BOQ) new high: $13.00 Friday close: $12.85

In the past year its share price climbed 33%. Earlier this month its long-term credit rating was upgraded by Moody’s to “A3” from “Baa1”. This will go towards reducing funding costs and increase the range of funding opportunities.

Sydney Airport Holdings Ltd (ASX: SYD) new high: $4.29 Friday close: $4.22

Shares in the airport owner and operator are up 28.6% over the past 12 months. Its PE is 79 and its dividend yield is 5.4%.

Transurban Group (ASX: TCL) new high: $7.36 Friday close: $7.25

The company announced that it has entered into an agreement to acquire the Cross City Tunnel in Sydney for about $475 million. The completion of the sale is expected to occur before 30 June 2014.

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Motley Fool contributor Darryl Daté-Shappard does not own shares in any company mentioned. 

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