It's been a pretty horrible day for most ASX 300 shares so far this Wednesday. At the time of writing, the S&P/ASX 300 Index (ASX: XKO) has plunged by a depressing 0.82%, leaving the index at just over 7,710 points.
But even though most ASX 300 shares have followed the index and are having a day to forget, most is not all. In fact, there are no fewer than five ASX 300 shares that have just smashed new 52-week highs this Wednesday. Let's check them out.
5 ASX 300 shares smashing new 52-week highs today
First up, we have tech stock Altium Ltd (ASX: ALU). Altium shares closed at $67.88 each yesterday afternoon. But this morning, those same shares opened at $67.90 before climbing up to $68.03 just after market open. That's not just a new 52-week high for Altium, but a new record high. At the time of writing, this ASX 300 share has cooled off a little, but is still going for $67.95 a share, up 0.1% for the day thus far.
This rise today comes after Altium released an update regarding its potential takeover by Renesas Electronics. This confirmed that most regulatory approvals for the takeover have now got the green light.
Next up, we have mining equipment manufacturer Codan Ltd (ASX: CDA). Codan shares closed at $11.66 each yesterday but opened at $11.72 this morning before rising to $11.80 just after midday. That's this ASX 300 share's new 52-week high.
At present, Codan stock is trading at its $11.80 peak, up 1.2% for the day thus far. This rise (and new high) comes despite no fresh news or announcements out of the company today.
ASX 300 bank share Bendigo and Adelaide Bank Ltd (ASX: BEN) is our next high flyer. Bendigo shares closed at $11.55 each yesterday evening and opened at $11.57 today before rising up to a new 52-week high of $11.63 mid-morning. Right now, those shares are trading at $11.61 each, up 0.48% for the day.
Again, this comes despite no fresh news or developments out of this bank. Perhaps investors are being spurred on by Commonwealth Bank of Australia (ASX: CBA)'s recent all-time highs here.
New highs for HUB24 and News Corp
ASX 300 tech share HUB24 Ltd (ASX: HUB) has also had a day to remember. HUB24 shares closed at $46.21 each yesterday before opening at $46.34 this morning. Subsequently, this stock rose as high as $46.63 a share, which is a new 52-week — and all-time record — high. At the time of writing, HUB24 has risen 0.26% for the day at $46.33 a share.
There has been no news from HUB24 today, but this company has been up almost 80% over the past 12 months.
Our final ASX 300 share worth checking out this Wednesday is News Corporation (ASX: NWS). News Corp shares finished up at $42.60 each yesterday, but opened at $43.07 this morning before rising as high as $43.37. That's a new all-time record.
Right now, those shares are trading at $43.14 each, up a hefty 1.26%. Again, there has been no new ASX news from News Corp today. Saying that, this company's US stock also rose by 1.31% overnight, so it's not too surprising to see its ASX-listed stock follow suit today.
