March has been a good month for many of the market’s biggest names, and one ASX blue-chip share is making the most of it.
The National Australia Bank Ltd. (ASX: NAB) share price has surpassed its own 12-month record high 9 times this month, often on consecutive days.
In fact, it’s beaten it once again today, gaining 0.5% to trade at $32.56 at its intraday – and new 52-week – high point.
Let’s take a look back at each time the ASX blue-chip share has bested its own milestone this month.
ASX blue-chip share hits 9 52-week highs in March
Today is another good day for the NAB share price – it’s in the green once more, pushing past its previous 52-week high yet again.
And it’s perhaps not surprising given the bank stock’s performance over the month of March. It has gained nearly 12% since the end of February.
Interestingly, its share price has only outperformed the broader ASX blue-chip market by around 5% in that time.
The S&P/ASX 100 Index (ASX: XTO) has gained 7% this month, as has the S&P/ASX 50 Index (ASX: XFL).
Prior to March, the NAB share price’s 52-week high was $30.98. It reached that point in mid-February 2022.
Then, on 17 March, it traded as high as $31.27.
That 12-month high didn’t last long. On 21 March, the ASX blue-chip share surpassed it to reach $31.47 – but its new 52-week high was beaten only days later when it hit $31.74 on 23 March.
Since then, it has reached a new 52-week high during every single trading session, culminating in today’s $32.56 high point.
As many readers have likely already assumed, the NAB share price has been performing well this year.
It’s bested the S&P/ASX 200 Index (ASX: XJO)’s performance by nearly 11% over 2022 so far.
It has also gained 24.5% over the last 12 months. Over that same period, the benchmark index has risen by 11%.