The S&P/ASX 200 Index (ASX: XJO) is up 0.2% in early afternoon trade today, with three blue-chip ASX shares riding the wave to post new 52-week highs.
Here's what's happening with these highly regarded stocks.
Blue-chip ASX shares hitting 52-week highs
The first blue-chip ASX share notching new 52-week highs is Telstra Group Ltd (ASX: TLS).
Shares in Australia's largest telco closed yesterday trading for $4.05. Earlier today, shares were trading for $4.09, the highest level since August 2023. At the time of writing, the stock is changing hands for $4.65, up 0.37% in intraday trading and just shy of the $4.08 closing high from 2 February last year.
Telstra shares have gained around 2% over the past 12 months and are now up 19% since their 22 May lows. The telco stock trades on a 4.4% fully franked trailing dividend yield. Telstra now commands a market cap just north of $47 billion.
That brings us to Origin Energy Ltd (ASX: ORG), the second blue-chip ASX share to hit new 52-week-plus highs today.
Shares in the Aussie energy provider closed yesterday at $11.19. In earlier trade today, shares were swapping hands for $11.30 apiece, having since retraced to $11.27 each.
But following yesterday's 1.0% gains, Origin shares are still trading at levels not seen since June 2015.
The Origin Energy share price is up 36% over 12 months. That sees the company with a market cap of just over $19 billion. The energy stock also trades on a 4.9% fully franked trailing dividend yield.
Rounding out our list of blue-chip ASX shares setting new 52-week highs is JB Hi Fi Ltd (ASX: JBH).
Shares in the electronics retailer closed yesterday trading for $96.50. In earlier trade today, shares were changing hands for $98.65 apiece. Had they been able to hold that level, it wouldn't just represent a new 52-week high, but a new all-time closing high for the JB Hi-Fi share price.
Alas, the stock came under some selling pressure in later morning trade on Tuesday, giving back its earlier gains and then some. At the time of writing, JB Hi-Fi shares are trading for $94.60 each, down 1.97%.
That leaves Friday's closing price of $97.04 a share as the standing record closing high for the ASX blue-chip share. Unless, of course, investor sentiment takes a turn for the better again in afternoon trade.
Up by around 59% since this time last year, JB Hi-Fi shares also trade on a 3.6% fully franked trailing dividend yield. The company's market cap has grown to more than $10 billion.
