3 ASX 200 stocks smashing 52-week highs today

Owners of these ASX 200 stocks, pat yourselves on the back.

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Another day, another set of S&P/ASX 200 Index (ASX: XJO) shares launching to long-forgotten heights. Let’s take a look at the ASX 200 stocks taking out their previous 12-month records on Thursday.

Today is proving to be another good day on the market, with the celebrated index recording its fifth consecutive session of gains. Right now, the ASX 200 is 0.28% higher than where it ended Wednesday’s trade.

And these ASX 200 stocks are helping to boost it higher.

3 ASX 200 stocks launching to new 52-week highs

Origin Energy Ltd (ASX: ORG)

The Origin share price is hitting another post-COVID-19 high on Thursday, launching 3.1% at its intraday high to trade at $6.89.

There’s been no news to explain the ASX 200 energy producer and retailer’s stock’s gain. However, it’s also a good day on the market for many of its peers.

Right now, the S&P/ASX 200 Energy Index (ASX: XEJ) is up 0.9% while the S&P/ASX 200 Utilities Index (ASX: XUJ) is up 2%.

Challenger Ltd (ASX: CGF)

The Challenger share price is also leaping to a new 52-week high of $7.52. That represents a 10.1% increase on its previous closing price.

The gain follows the release of the ASX 200 stock’s quarterly update, which saw it in line to achieve the high end of its financial year 2022 guidance.

Challenger’s home sector – the S&P/ASX 200 Financials Index (ASX: XFJ) – is also having a good day, gaining 1.2%.

APA Group (ASX: APA)

The final ASX giant reaching a new 12-month record on Thursday is APA.

After besting its previous 52-week high only yesterday, the APA share price is at it again.

It launched 2% at its highest point of Thursday to trade at $4.50 ­– the highest it’s been since August 2020.

There hasn’t been news from the ASX 200 energy infrastructure stock since February.

However, earlier this week Cooper Energy Ltd (ASX: COE) announced the pair had extended their transition agreement for the Orbost Gas Processing Plant to 30 June.

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 owns and has recommended APA Group. The Motley Fool Australia has recommended Challenger Limited. 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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