Big news: 15 ASX 200 shares smashing 52-week highs this Tuesday

52-week highs are falling like flies on the ASX 200 today.

A piggy bank on the cloud in the blue sky symbolising a record high share price.

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

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.

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.

Motley Fool contributor Sebastian Bowen has positions in National Australia Bank. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear and Johns Lyng Group. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Cochlear, Jb Hi-Fi, Johns Lyng Group, and Premier Investments. 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 »