It's been a wonderful day for the S&P/ASX 200 Index (ASX: XJO) and many ASX 200 shares so far this Friday. At the time of writing, the ASX 200 has galloped 1.05% higher and is back over 7,940 points. This dramatic surge in the stock market has unsurprisingly led to a few ASX shares, including Guzman y Gomez Ltd (ASX: GYG), hitting new 52-week highs today.
Let's get into them.
This week has turned out to be a blinder for ASX shares. If the ASX 200 holds its gains until the end of today's trading session (which looks quite likely), the index will have recorded a rise every single day this week.
This would see the ASX 200 rise from the lottery-esque metric of 7,777.7 points the index closed at last Friday to today's 7,948.3 we are currently seeing, a gain worth a substantial 2.1%.
Guzman y Gomez is not an ASX 200 share just yet, despite its relatively large and qualifying market capitalisation of $3.2 billion. But that hasn't stopped GYG from hitting a new 52-week high this Friday (well, technically a two-month high since GYG only IPO'd back in June).
Yep, GYG shares closed at $30.30 yesterday afternoon but rose up as high as $31.85 during intra-day trading today. This fast-food chain is now up a happy 27.9% or so from where it was back at the start of July.
But GYG isn't the only ASX share clocking new highs today.
GYG and a dozen ASX 200 shares at new 52-week highs today
There's property stock REA Group Ltd (ASX: REA), which clocked a new high watermark of $214.13 this morning.
There's ResMed Inc (ASX: RMD), which managed to rise up to a new 52-week high of $34.34 a share around the same time.
We also saw Pro Medicus Limited (ASX: PME) clock yet another record high of $151.26.
Joining this happy club this Friday is Insurance Australia Group Ltd (ASX: IAG). IAG shares reached a new multi-year high of $7.49 around midday.
It's been a great day for ASX retail shares, too. We've seen JB Hi-Fi Ltd (ASX: JBH), Premier Investments Limited (ASX: PMV) and Lovisa Holdings Ltd (ASX: LOV) all hit new highs of their own – all-time highs for all three in fact.
We can also throw AGL Energy Ltd (ASX: AGL), QUBE Holdings Ltd (ASX: QUB), Pinnacle Investment Management Ltd (ASX: PNI) and AMP Ltd (ASX: AMP) into the mix, alongside GYG and the other lucky shares named above. Oh, and Zip Co Ltd (ASX: ZIP).
So a fantastic Friday for ASX 200 shares (and GYG). Let's see if this train keeps rolling into next week.
