Two S&P/ASX 200 Index (ASX: XJO) shares have started 2023 off on the right foot, leaping to 52-week highs on the first session of the new year.
Making their achievement more impressive is the broader market's suffering. The ASX 200 has plummeted 1.43% at the time of writing to hit 6,938.1 points.
That was despite a strong start to today's trade. The index lifted 0.46% early this morning before plunging into the red.
Fortunately, not all has been dire on the market on Tuesday. Let's take a look at the two ASX 200 shares that launched to their highest point in 12 months today.
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The ASX 200 shares starting 2023 with fresh highs
The first ASX 200 share starting 2023 off with a new 52-week high is QBE Insurance Group Ltd (ASX: QBE). It lifted 0.44% in early trade to peak at $13.49 – marking a new post-pandemic high.
Sadly, the stock didn't hold onto its gains. It has since slipped 2.57% to trade at $13.09 at the time of writing.
And that could be a great entry point if broker Morgans is to be believed. It's tipping the QBE share price to soar to $14.93, my Fool colleague James reports, a potential 14% upside.
Joining QBE in posting a new 52-week high today is ASX 200 wagering company Tabcorp Holdings Limited (ASX: TAH). Its stock is soaring 2.79% right now to post a new 52-week high of $1.11.
Of course, that's accounting for the change to the company's valuation brought about by its demerger of the Lottery Corporation Ltd (ASX: TLC). The Tabcorp share price plummeted more than 80% when it spun out the now-ASX 200 giant in May.
The Lottery Corporation currently has a market capitalisation of $10.1 billion while that of Tabcorp sits at $2.5 billion.
