3 ASX 200 shares smashing all-time highs on Thursday

Do you own any of these shares hitting new 52-week highs today?

| More on:
Three exuberant runners dash towards the camera. One raises her arms in triumph; another jumps in the air with arms raised. The third runner gives a satisfied smile.

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

The S&P/ASX 200 Index (ASX: XJO) has given up an early morning boost and is now disappointingly well back in red territory. At the time of writing, the index has retreated by 0.15% and is back under 7,020 points.

But this dip has failed to stop three ASX 200 shares from hitting new 52-week highs this Thursday. Let's dive into them now.

3 ASX 200 shares at new 52-week highs this Thursday

Seven Group Holdings Ltd (ASX: SVW)

First up is Seven Group, the ASX 200 conglomerate run by the Stokes family. Seven shares are currently up a rosy 0.53% at $30.59 each. But earlier today, the company climbed as high as $30.84 a share, which is Seven's new 52-week high watermark, as well as a new all-time record high.

There's been no fresh news out of Seven that we can point to in justifying this new high. But this company has been in high demand for a few months now, with the Seven share price up around 24% since the start of July. It was only a few days since Seven Group's last new 52-week high as well. Year to date, the Seven share price has now risen by a pleasing 45.7%.

Pro Medicus Limited (ASX: PME)

ASX 200 healthcare share Pro Medicus is next up. Pro Medicus shares have gained a robust 1.11% so far today and are currently asking $81.56 each. Just after midday though, the company rose up to a new 52-week high of $82.25. That's also a new all-time high for Pro Medicus shares.

Earlier this week, Pro Medicus revealed it had won a new $140 million contract with Baylor Scott & White Health, which seems to be the catalyst behind this latest surge in Pro Medicus shares.

Since Monday, the Pro Medicus share price has risen by a whopping 14.7%. That puts Pro Medicus shares up 50.2% in 2023 so far.

United Malt Group Ltd (ASX: UMG)

ASX 200 malt share United Malt Group rounds out our list today. United Malt shares are presently asking $4.94 each, up 0.3% so far. But just after market open this morning, we saw United Malt hit a new 52-week high of $4.96.

We probably don't need to look too far with this one. United Malt is currently in takeover talks with the French maltster Malteries Soufflet SAS. Earlier this year, Malteries Soufflet made a bid for United Malt Group at $5 a share.

This morning, we learnt that Malteries Soufflet has gained approval from the French government for the takeover. This means that the takeover is one step closer. So it's no surprise to see the shares edging up further towards the takeover price today.

This puts United Malt shares up 41.7% this year to date.

Motley Fool contributor Sebastian Bowen 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 recommended Pro Medicus. 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 »