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Why these 3 ASX 200 shares are at 52-week highs

It was a record-breaking day for ASX 200 shares as the benchmark index crashed through the 7,000 points barrier for the first time ever.

Leading Aussie equities higher were some of the biggest companies by market capitalisation available on the S&P/ASX 200 Index (INDEXASX: XJO).

Commonwealth Bank of Australia (ASX: CBA)

The largest of the ASX 200 shares hit a new 52-week high on Thursday to lead the index higher.

Commonwealth Bank shares finished up 0.96% at $84.46 per share, the first time they’ve stretched beyond $84 in the last 12 months.

All of the big four banking shares saw strong gains alongside CSL Limited (ASX: CSL) and Telstra Corporation Ltd (ASX: TLS) to boost the share market higher.

SCA Property Group (ASX: SCP)

The SCA Property Group security price gained 1.09% in a strong day for the Aussie real estate investment trust (A-REIT).

SCA Property has significant holdings in retail shopping centres across Australia which provide strong rental income for distribution.

The ASX 200 REIT has been the beneficiary of low interest rates propelling the Aussie retail sector further than anticipated.

SCA Property shares are currently yielding 4.55% per annum with a price-to-earnings (P/E) ratio of 22.17.

NRW Holdings Limited (ASX: NWH)

The NRW Holdings has been one of many ASX 200 shares climbing higher to start 2020.

NRW shareholders were some of the big winners in a year of huge capital gains in 2019.

The NRW share price closed at a new 52-week high of $3.38 per share on Thursday as the $1.44 billion engineering group continues its bullish run.

NRW shares have more than doubled since early January 2018 after strong earnings and the acquisition of BGC Contracting for $116.4 million.

A few honourable mentions…

While these ASX 200 shares were hitting fresh highs, so too were a number of other big name companies.

CSL Limited (ASX: CSL), Chorus Ltd (ASX: CNU)National Storage REIT (ASX: NSR) and Macquarie Group Ltd (ASX: MQG) were among the winners list in another strong day for domestic equities.

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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of Shopping Centres Australasia Property Group. The Motley Fool Australia has recommended National Storage REIT. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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