Well, it's been a rather disastrous session for ASX 200 shares this Thursday.
Continuing the selling theme of the week, the Australian stock market seems destined to clock its fourth session of losses in a row today. The S&P/ASX 200 Index (ASX: XJO) is currently down a horrid 1.27% at just over 8,310 points.
Despite this hefty loss for the broader market, we've still seen more than a few ASX 200 shares buck the market to hit new 52-week highs during today's trading. Let's check them out.
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Nine ASX 200 shares at new 52-week highs today
Here are the nine fortunate stocks that have seen new high watermarks for the past 12 months today:
| ASX 200 stock |
New 52-week high* |
|
Telstra Group Ltd (ASX: TLS) |
$4.16 |
|
Brambles Ltd (ASX: GYG) |
$20.60 |
|
A2 Milk Company Ltd (ASX: A2M) |
$7.45 |
|
Light & Wonder Inc (ASX: LNW) |
$17.57 |
|
Charter Hall Group (ASX: CHC) |
$79.95 |
|
Evolution Mining Ltd (ASX: EVN) |
$6.43 |
|
Netwealth Group Ltd (ASX: NWL) |
$33.40 |
|
Bega Cheese Ltd (ASX: BGA) |
$6.30 |
|
Computershare Ltd (ASX: CPU) |
$43.23 |
*at the time of writing
Why are these stocks at new highs today?
Many of these ASX 200 shares are rising off the back of earnings reports that were dropped today.
This includes Telstra, Brambles, Charter Hall, Netwealth, and Bega Cheese.
As one would expect, these earning reports contained some impressive metrics. We had a dividend hike and a new share buyback program from Telstra, a return to profit for Charter Hall, and a 27% surge in earnings for Bega Cheese.
Brambles delivered a 10% rise in underlying profits, as well as a 27% increase to its interim dividend.
Netwealth gave investors something to smile about too. This ASX 200 financial share revealed a 46.6% lift in net profits after tax, as well as a 25% boost to its own interim dividend.
Gold miner Evolution continued to push higher too, despite a pause in the galloping gold price overnight.
Meanwhile, Computershare and A2 Milk stock seem to be basking in the afterglow of their earnings reports, which were dropped last week and this week, respectively.
Light & Wonder hasn't reported earnings this month. However, the company announced a major acquisition yesterday, which seems to be giving investors a reason to buy.
No doubt investors in these nine shares will be grateful for the port they are providing against today's ASX storm.
