This ASX blue-chip share has notched up 9 52-week highs this month

It’s been a good month for this ASX giant.

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Key points

  • ASX blue-chip bank, NAB has seen its share price reach a new 52-week high during 9 trading sessions in March 
  • It fact, it has notched up a new 52-week high every consecutive trading day for more than a week now 
  • The NAB share price hit its latest 52-week high in today's session, reaching $32.56 

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%.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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