3 ASX 200 shares rocking new 52-week highs on Thursday

These ASX 200 stocks are shaking off the index's suffering to post new 12-month highs today.

| More on:
Arrows pointing upwards with a man pointing his finger at one.

Image source: Getty Images

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

June has been a rough month so far for the S&P/ASX 200 Index (ASX: XJO), but not all the shares that call it home have suffered.

While the index has crashed 2.18% since the end of May, these ASX 200 shares have enjoyed upwards momentum.

Let's take a look at what's driving them to 52-week highs on Thursday.

3 ASX 200 shares hitting 12-month highs today

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is in the green once more on Thursday, gaining 2.6% at its highest point. That saw the ASX 200 share trading at a new post-pandemic high of $35.66.

Its surge is likely due to rising oil prices. The Brent crude oil price lifted 2.5% overnight to reach US$123.58 a barrel. Meanwhile, the US West Texas Intermediate crude price gained 2.3% to hit US$122.11 per barrel. Their gains represent a new 13-week high for the commodity.

Oil prices gained amid demand for petrol in the US and concerns that China's demand for oil could increase, reports Reuters.

Worley Ltd (ASX: WOR)

Woodside's fellow ASX 200 energy share Worley is likely in the green for the same reason.

The Worley share price rose 1.9% to its new 52-week high of $15.69 today. That's its highest point since January 2020.

Crown Resorts Ltd (ASX: CWN)

Finally, the ASX 200's Crown saw its share price lift to a new 52-week high of $13.02 on Thursday. That represents a 2.1% gain on Wednesday's close.

Its gains come on the back of news of Blackrock's takeover of the casino giant.

Today, Crown announced that both the Victorian Gambling and Casino Control Commission and the New South Wales Independent Gaming and Liquor Authority have given the $8.9 billion takeover the tick of approval.

The ASX 200 staple's acquisition now only needs the 'okay' of the Western Australian gaming regulator and the Federal Court before it can be passed.

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 Scott Phillips.

More on 52-Week Highs

a person stands arms outstretched on the top of a mountain with a beautiful sunrise in the sky
52-Week Highs

5 ASX 200 mining stocks including Mineral Resources and BHP shares smashing new 52-week highs today

BHP and Mineral Resources join the pack of ASX mining stocks racing to new one-year-plus highs today.

Read more »

A woman sprints with a trail of fire blazing from her body.
52-Week Highs

ASX mining shares on fire! New 52-week highs today

PLS Group, Liontown, IGO, Mineral Resources, Newmont, and South32 are among today's surging mining stocks.

Read more »

Three people jumping cheerfully in clear sunny weather.
Materials Shares

12 ASX lithium shares rip to 52-week highs

PLS Group and others have reset their 52-week highs as lithium commodity prices continue to rise.

Read more »

Woman attached to rocket flies into the air
52-Week Highs

Scores of ASX mining shares hit 52-week highs

BHP, Rio Tinto, South32, and Mineral Resources shares are among those that hit 52-week highs today.

Read more »

A graphic image of three upward pointing arrows with smoke coming from their bottoms, indicating the arrows are taking off just like the Althea share price today
52-Week Highs

Why Rio Tinto, Evolution Mining and BHP shares just smashed new 52-week highs

BHP, Rio Tinto, and Evolution Mining shares are lifting off today.

Read more »

A man in a business suit holds his coffee cup aloft as he throws his head back and laughs heartily.
Resources Shares

ASX mining shares dominate stocks hitting 52-week highs

BHP, Fortescue, Rio Tinto, and Evolution Mining shares are among those that hit 52-week highs today.

Read more »

Three satisfied miners with their arms crossed looking at the camera proudly
Resources Shares

Major ASX 200 mining shares hit 52-week highs

BHP, Fortescue, and Rio Tinto shares set new 52-week highs today.

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
52-Week Highs

2 ASX 200 mining stocks smashing new 52-week highs on Thursday

Investors just sent these two ASX 200 mining stocks rocketing to one-year-plus highs. But why?

Read more »