It's been a shaky, but overall, a positive day for the S&P/ASX 200 Index (ASX: XJO) and many ASX 200 shares this Tuesday so far.
At the time of writing, the ASX 200 has gained a tentative 0.064%, which puts the index at just under 7,620 points. That comes after the ASX 200 went as high as 7,632.7 points earlier this morning.
But even though this rise looks rather mild, we've still seen a plethora of ASX 200 shares hit fresh new 52-week highs today thus far.
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15 ASX 200 shares that just smashed a new 52-week high
Here's a list of the ASX 200 shares that have seen a new 52-week high today:
- Westpac Banking Corp (ASX: WBC) with a new 52-week high of $24.72
- National Australia Bank Ltd (ASX: NAB) with a new high of $32.99
- ANZ Group Holdings Ltd (ASX: ANZ) with a new high of $28.45
- JB Hi-Fi Ltd (ASX: JBH) with a new record high of $64.62
- Insurance Australia Group Ltd (ASX: IAG) with a new high of $6.30
- QBE Insurance Group Ltd (ASX: QBE) with a new high of $16.80
- Stockland Corporation Ltd (ASX: SGP) with a new high of $4.60
- Harvey Norman Holdings Limited (ASX: HVN) with a new high of 4.81
- Suncorp Group Ltd (ASX: SUN) with a new high of $14.50
- Cochlear Limited (ASX: COH) with a new record high of $324.79
- Premier Investments Limited (ASX: PMV) with a new high of $29.33
- Data#3 Ltd (ASX: DTL) with a new record high of $10.01
- Scentre Group (ASX: SCG) with a new high of $3.16
- Beach Energy Ltd (ASX: BPT) with a new high of $1.78
- Johns Lyng Group Ltd (ASX: JLG) with a new high of $7.29
Why are these ASX stocks at new 52-week highs today?
Well, it's impossible to know why each of these ASX 200 shares has clocked a new high this Tuesday. But we can point out some trends.
ASX earnings season is in full swing now, and some of today's highs, JB Hi-Fi in particular, can be directly attributed to well-received earnings reports.
Otherwise, many of today's lucky record-setters are ASX 200 financial shares. You've got three of the big four banks, plus insurers QBE, Suncorp and IAG. Together with retailers like Harvey Norman and Premier Investments, these new highs could be a result of expectations from investors that interest rates will start falling this year.
You can arguably extend that optimism to real estate investment trusts (REITs) and shares like Scentre and Stockland as well.
So it's been a good day for many an ASX 200 investor today. Let's see how many new highs we'll have by the time earnings season wraps up.
