The S&P/ASX 200 Index (ASX: XJO) is racing higher today and shares in these five market monoliths are along for the ride. The blue chip shares have each rocketed to new 52-week highs on Tuesday – soaring as much as 7% to get there.
Right now, the ASX 200 is up 1.26%, trading at 7,309.7 points.
Let's take a closer look at the blue chips' day in the green.
5 ASX 200 blue ship shares posting new 52-week highs
First off the bat is newly crowned takeover target Newcrest Mining Ltd (ASX: NCM).
The ASX 200 gold mining share hit a high of $30.28 earlier today – marking a 7% gain. Its upwards movement came on news its New York-listed peer Newmont has upped its acquisition offer.
The international mining company put a new all-scrip bid on the table, representing $32.87 per Newcrest share. That implies an enterprise value of $32 billion.
The bid proved enough to convince the ASX 200 company to grant its suitor due diligence.
Joining Newcrest in posting new 52-week highs were shares in ASX 200 blue-chip icons Wesfarmers Ltd (ASX: WES) and Telstra Group Ltd (ASX: TLS).
They reached respective peaks of $52.065 and $4.32 today – representing gains of 1.7% and 1.2%.
That was despite no word from either the retail conglomerate or the telecommunications staple.
Also making the most of the day is supply chain logistics stock Brambles Limited (ASX: BXB).
The $19 billion company saw its share price leap 1.6% to trade at $13.91. That's the highest it's been in 15 years.
The final ASX 200 blue chip share soaring to long-forgotten heights on Tuesday is market staple Washington H Soul Pattinson and Co Ltd (ASX: SOL).
Shares in the 120-year-old investing house leapt 3.3% to trade at a high of $31.99 today – a new 52-week high.
