The S&P/ASX 200 Index (ASX: XJO) peaked at a nine-month high on Wednesday, helped along by five shares hitting their own long-forgotten highs.
Right now, the index is up 0.28% at just under 7,500 points. That's less than 2% off the all-time high it set in August 2021.
Among the stocks rejoicing alongside the iconic index today are some of the market's most recognisable names. Let's take a look at their shiny new 52-week highs.
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5 ASX 200 shares soaring to long-forgotten highs
First off the bat is ASX 200 banking giant Commonwealth Bank of Australia (ASX: CBA). It hit another record high today, peaking at $110.81 – a 0.7% gain on its previous close.
Interestingly, there's been no news from the ASX's second largest company, commanding a market capitalisation of $185 billion.
However, its stock has now bested its previous 52-week high for four consecutive sessions.
Joining CBA shares in posting a new 12-month high are those of Rio Tinto Ltd (ASX: RIO). Stock in the iron ore giant rocketed 1.7% earlier today to a high of $128.78.
Investors might be snapping up Rio Tinto shares for the company's exposure to iron ore and copper, or its whopping dividend yield. Whatever the reason, it appears to be good news for the Rio Tinto share price.
And who could forget shares in ASX 200 travel giant Webjet Limited (ASX: WEB)? They launched 2.3% earlier today to reach $7 – the highest the stock has been since the onset of the COVID-19 pandemic.
That's despite only silence from the online travel agent. Indeed, the last time the market heard news from Webjet was back in November. And investors might have more time to wait.
The company isn't expecting to post its full-year earnings until May.
The Treasury Wine Estates Ltd (ASX: TWE) share price is also taking off today, peaking at $14.84 – a 2.2% gain on its previous close and another post-pandemic high.
The company has been tipped to benefit if tensions between Australia and China ease this year.
Finally, also posting a new 52-week high today is ASX 200 healthcare share Pro Medicus Limited (ASX: PME). It soared 1.4% to hit $67.80 shortly after the market opened today.
The stock has been on a roll in 2023, gaining 22% year to date amid news of contracts with Samaritan Health Service and the University of Washington.
