The S&P/ASX 200 Index (ASX: XJO) is back on track today after posting its first loss in more than a week on Wednesday. And some of its favourite constituents are taking advantage of its upwards momentum, posting their highest share prices in at least a year.
Right now, the ASX 200 is trading 0.3% higher.
Let's take a closer look at the 3 ASX giants surging to their highest point in 52 weeks today.
3 ASX 200 shares soaring to long-forgotten highs
Transurban Group (ASX: TCL)
Shares in ASX 200 toll road operator Transurban leapt to a new 20-month high today, trading at $14.93.
Interestingly, no news has been released by the infrastructure giant over the last six weeks. Though, fundies have tipped to stock as a major inflation beater.
The fees that make up the company's revenue are linked to Australia's inflation measure, meaning its profits rise alongside inflation.
Vicinity Centres (ASX: VCX)
ASX 200 real estate investment trust (REIT) Vicinity Centres has also seen its share price reach a 52-week high today. It lifted around 2% to reach $2.12 earlier this morning before slipping to trade slightly in the red.
That marks a new post-COVID high for the stock. The stock has outperformed the S&P/ASX 200 Real Estate Index (ASX: XJO) by a whopping 37% over the last 12 months.
Steadfast Group Ltd (ASX: SDF)
The final ASX 200 share trading at a new 52-week high on Thursday is Steadfast Group. In fact, the stock reached its highest point ever today – leaping to $5.50 in intraday trade.
Steadfast operates a general insurance broker network in Australia and New Zealand.
The market hasn't heard a word from the company since February.
Still, its share price has surged nearly 300% over the past five years to culminate in today's new record high.
