The trading week is coming to a close and these three S&P/ASX 200 shares are going out on top.
Orora Ltd (ASX: ORA)
Packaging company Orora Ltd shares have travelled up steadily in the last 12 months to land at a 52-week high – sitting at $3.50 at the time of writing – up from $2.79 at this time last year.
Orora has reaffirmed its focus on innovation of late to offset rising materials and machinery costs, with plans to build a $35 million warehouse at Gawler in South Australia.
The expansion plans go hand in hand with the uptake of new digital printing and laser cutting technology to help Orora better meet customer needs, especially as it attempts to gain market share across 7 different countries.
Packaging peer Pact Group Holdings Ltd (ASX: PGH) shares are up slightly to $5.56 after a few months of climbs back from a mid-February dip.
Still in the sector Amcor Limited (ASX: AMC) shares are on the decline today, slipping into the red by 0.2% at $13.91, after a year of downward spiral after lowering its FY18 outlook at the Macquarie conference in May despite its strong cash flow position and solid underlying performance.
Sandfire Resources NL (ASX: SFR)
Mining company Sandfire Resources shares slipped back slightly in morning trade to land at $9.53, after closing off June 7 at a 52-week share price high of $9.60.
Sandfire has been travelling along well in recent times as it develops its DeGrussa Copper-Gold Project in Western Australia, with its portfolio of base metal, iron ore and manganese also in the peripheral.
A recent project update for Sandfire's Doolgunna Project at Morck's Well advised assay results reported Aircore drill holes intersected sulphide and supergene copper mineralisation that was "encouraging" and "supports continued exploration along this corridor".
Copper miners rallied yesterday, with OZ Minerals Limited (ASX: OZL) shares up 3% during the day's trade despite slipping back slightly today to $10.52 at the time of writing off the back of news workers at Rio Tinto Limited's (ASX: RIO) Escondida mine in Chile went on strike.
BHP Billiton Limited (ASX: BHP) also has a 57.5% stake in the Escondida project.
Premier Investments Limited (ASX: PMV)
The darling of the discretionary retail space is Solomon Lew-led specialty retail fashion chain company Premier Investments Limited, and the last 12 months has been sweet for the stock – up from $12.45 at this time last year to land at a 52-week high on June 7 for a close of $16.64.
Premier shares were up a further 0.8% to $16.78 at the time of writing – printing a new 52-week high for the stock as Premier remains dominant in a volatile sector that has watched the demise of Myer Holdings Ltd (ASX: MYR) in the last few years.
So what is it that Premier keeps getting right that others don't?
Lew is a hard task master and isn't afraid to enter into a scuffle with the likes of Scentre Group (ASX: SCG) over rising rental costs, if need be, with the rapid expansion of brands like Smiggle and Peter Alexander both integral to its recent success.
