With the Australian share market on a very positive run, it will come as no surprise to learn that a number of ASX shares have been charging higher.
Three ASX shares that have just reached new highs are listed below. Here's why they are on form:
Dubber Corp Ltd (ASX: DUB)
The Dubber share price hit a record high of $2.23 on Thursday. Investors have been scrambling to buy the the call recording service provider's shares this week after it announced an agreement with video conferencing giant Zoom for its Unified Call Recording product. Dubber revealed that the deal with Zoom provides businesses of all sizes with the ability to record calls for all users. After which, once the recordings are ingested by Dubber, businesses can enrich the content with AI delivering transcriptions, sentiment data, real-time search and more. Also boosting its shares this year were a similar agreement with AT&T and a strong half year update in February.
Westpac Banking Corp (ASX: WBC)
The Westpac share price climbed to a 52-week high of $25.52 yesterday. The catalyst for this has been the improving outlook for the banking sector thanks to Australia's strong economic recovery from the pandemic and a booming housing market. In addition to this, a strong first quarter update earlier this year got investors excited. As did APRA's decision to remove dividend restrictions. This bodes well for income investors in the near term.
Woolworths Group Ltd (ASX: WOW)
The Woolworths share price reached a 52-week high of $42.16 on Thursday. Investors have been buying the retail giant's shares this year following a very strong half year update and its positive outlook. The latter is being underpinned by favourable shifts in consumer spending which are benefiting the majority of its businesses. Also giving its shares a lift was a positive broker note this month, suggesting its shares could go on to hit record highs.
