4 ASX 200 shares hitting new 52-week highs on Monday

These ASX giants are defying the market's downturn to post long-forgotten highs.

| More on:
A piggy bank blasts off into the sky.

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

If you're feeling a bit off on Monday, you're not alone. Many shares are also having a relatively tedious day, with the S&P/ASX 200 Index (ASX: XJO) trading 0.16% lower than it was at Friday's close.

Fortunately, that hasn't stopped some overachievers from outperforming. Four ASX 200 shares have posted new 52-week highs this morning.

Here is all you need to know about the quartet trading at long-forgotten heights today.

4 ASX 200 shares posting new 52-week highs

Making the first notable jump this morning is the Pro Medicus Limited (ASX: PME) share price. The ASX 200 health imaging provider's stock rose 2% today to a new 52-week high of $66.42.

The gain came as the company announced a new 8-year $12 million deal with US community-based, integrated delivery network (IDN) Samaritan Health Service.

The deal will see Pro Medicus' Visage 7 Enterprise Imaging Platform replacing legacy systems across Samaritan's network.

Pro Medicus CEO Dr Sam Hupert commented on the news, saying:

IDNs are the largest market segment in North America, and this is our fifth material IDN contract in the last 12 months.

Joining Pro Medicus' shares in posting a new 52-week high today are those of Treasury Wine Estates Ltd (ASX: TWE).

The ASX 200 wine company's stock peaked at $14.47 earlier today. That marked a 0.5% gain and a new post-pandemic high.

Interestingly, there's been no news from the company lately. Though, it has been tipped to benefit from an apparent easing of tensions between Australia and China.

Also in on the action is the TechnologyOne Ltd (ASX: TNE) share price.

It rose nearly 2.2% this morning to reach $15.14 – a new all-time high.

The stock dodged the carnage that plagued the S&P/ASX 200 Information Technology Index (ASX: XIJ) in 2022 and has made the most of the sector's 2023 gains.

It's already risen 15% year to date.

And last but not least is Karoon Energy Ltd (ASX: KAR).

The ASX 200 oil and gas exploration company's shares lifted 1.2% to hit a multiyear-high of $2.45 this morning before slipping into the red.

Today's slump follows a 12% gain posted by the stock over the course of last week amid the release of its December quarterly report.

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 positions in and has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Pro Medicus. The Motley Fool Australia has recommended Technology One and Treasury Wine Estates. 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

Arrows pointing upwards with a man pointing his finger at one.
52-Week Highs

7 ASX All Ords shares smashing new 52-week highs on Tuesday

Do you own any of these stocks at new highs today?

Read more »

A person leans over to whisper a secret to a colleague during a meeting.
Share Market News

Here's when ANZ says the first interest rate cut will be

There's been speculation that Australia's first rate cut may be delayed if the United States delays its own.

Read more »

A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
Gold

Would I be crazy to buy Northern Star shares at almost $15?

Is it too late to generate golden returns from this high-flying stock?

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
52-Week Highs

13 ASX 200 shares at 52-week highs

These shares are making their shareholders smile on Thursday.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

These 5 ASX 200 shares just hit new 52-week highs

Do you own any of these five lucky stocks?

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
52-Week Highs

12 ASX ETFs breaking the mould to hit 52-week highs today

What a day for ASX ETF investors!

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
52-Week Highs

Why is the A2 Milk share price up 46% year to date and at a 52-week high?

This infant formula company's shares have delivered the goods this year.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Why is the Webjet share price racing to a 52-week high today?

Webjet has been busy talking up its WebBeds business this morning.

Read more »