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

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

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

share price rising

Image source: Getty Images

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.

More on 52-Week Highs

A financial expert or broker looks worried as he checks out a graph showing market volatility.
52-Week Highs

Are these ASX shares a buy, hold or sell after rocketing to record highs last week?

These stocks have all doubled in the last year.

Read more »

Two friends giving each other a high five at the top pf a hill.
52-Week Highs

Can these ASX shares hitting record highs keep climbing?

Here's what experts are saying about these companies.

Read more »

A girl wearing a homemade rocket launches through the stars.
52-Week Highs

After surging nearly 200%, is this the best ASX ETF in 2026?

Investors who looked offshore for tech exposure are being handsomely rewarded right now.

Read more »

A beautiful ocean vista is shown with a woman whose back is to the camera holding her arms up in triumph as she stands at the top of a rock feeling thrilled that ASX 200 shares are reaching multi-year high prices today
52-Week Highs

4 top ASX 200 shares including Rio Tinto and Macquarie notching new 52-week plus highs today

Investors just sent Rio Tinto, Macquarie and these two ASX 200 shares to new multi-year highs. But why?

Read more »

A beautiful woman holds up one finger with one hand and has her hand on her waist with the other as she smiles widely as though she is very pleased about something.
ETFs

These ASX ETFs just hit 52-week highs but I'd still buy them

Artificial intelligence and Asian technology are tied to powerful structural trends.

Read more »

Man smiling on top of rocks with mountains in the background.
52-Week Highs

What are brokers saying about these ASX shares hitting 52-week highs

Can these shares keep rising?

Read more »

Three climbers scramble up a rocky peak overlooking a vast snow covered mountain range with an icy blue sky beyond them.
52-Week Highs

What are experts saying about these red hot ASX 200 shares?

These stocks are soaring right now.

Read more »

A man sits on a bench atop a mountain with a laptop, making investments with a green ESG mind.
52-Week Highs

Are these ASX stocks hitting 52-week highs a buy, hold, or sell?

Can these market winners keep rallying?

Read more »