It's been a great session for S&P/ASX 200 Index (ASX: XJO) stocks so far this Wednesday. At the time of writing, the ASX 200 has climbed by 0.85%, leaving the index at around 8,470 points.
Although this hasn't quite lifted the ASX 200 itself to a new high, we are still seeing no less than a dozen ASX 200 stocks hit new 52-week highs today.
Here they are:
Cheaper by the dozen? 12 ASX 200 stocks at new 52-week highs today
| ASX 200 stock | New 52-week high* | Current share price* | Current gain for day* |
QBE Insurance Group Ltd (ASX: QBE) | $20.51 | $20.48 | 0.89% |
|
Coles Group Ltd (ASX: COL) | $19.46 | $19.45 | 0.34% |
Insurance Australia Group Ltd (ASX: IAG) | $8.92 | $8.90 | 0.91% |
|
Qantas Airways Ltd (ASX: QAN) | $9.58 | $9.53 | 0.37% |
Telix Pharmaceuticals Ltd (ASX: TLX) | $29.31 | $29.09 | 2.79% |
|
HUB24 Ltd (ASX: HUB) | $79.42 | $79.01 | 1.35% |
Pinnacle Investment Management Group Ltd (ASX: PNI) | $26.00 | $25.79 | 1.46% |
|
Capricorn Metals Ltd (ASX: CMM) | $7.64 | $7.60 | 0.66% |
|
Codan Ltd (ASX: CDA) | $16.81 | $16.46 | 1.35% |
Ingenia Communities Group (ASX: INA) | $5.71 | $5.66 | 1.43% |
Magellan Financial Group Ltd (ASX: MFG) | $12.40 | $12.38 | 3.13% |
Monadelphous Group Ltd (ASX: MND) | $15.55 | $15.49 | 0.85% |
*at the time of writing
What can we learn from these new 52-week highs?
What's interesting about this slew of ASX 200 stocks at new 52-week highs today is that they hail from different corners of the ASX.
We have a consumer staples giant in Coles, but also airline Qantas, healthcare share Telix Pharmaceuticals, and gold miner Capricorn Metals.
The sector that seems to be most overrepresented is financials, though. Fund managers Magellan and Pinnacle, insurance heavyweights IAG and QBE, and financial services company HUB24 are all at new highs today.
There hasn't been much in the way of big news out of these ASX 200 stocks. As such, it's likely that the general market trend is responsible for their new 52-week highs today. Perhaps the latest inflation figures, which were released this morning, are helping to persuade investors to pile into these popular stocks.
Either way, it has certainly been a good day thus far for many ASX 200 investors.
