The S&P/ASX 200 Index (ASX: XJO) is up 0.8% in late afternoon trade on Monday, with these five ASX 200 stocks all smashing new record highs today.
One of the large-cap shares is a bank, one provides defence technology against drones, and the other three are gold miners.
Here's what's going on.
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ASX 200 stocks smashing new record highs today
The first company notching new record highs today is National Australia Bank Ltd (ASX: NAB) shares.
At the time of writing, NAB shares are up 1.2% and trading for $44.14 each. That sees the NAB share price up 18.2% in a year. If the ASX 200 bank stock can hold these gains to the end of trade today, it will mark a new all-time closing high.
Atop the outsized share price gains over the past year, NAB shares also trade on a fully franked 3.8% trailing dividend yield.
There's no fresh news out from NAB today, but the big four ASX bank stock could be catching tailwinds from expectations of fewer RBA interest cuts following last week's uptick in inflation. Higher interest rates could help NAB maintain its profitable net interest margin (NIM).
Moving on to the second ASX 200 stock to hit new all-time highs today, we find DroneShield Ltd (ASX: DRO).
DroneShield shares have been on a tear amid the company's strong internal performance and the fast-rising global demand for drone defence technologies.
DroneShield shares are up a whopping 18.2% today on no fresh news, trading for $4.41 each. That sees shares up 221.9% in a year and up an eye-popping 2,000% in five years.
That's enough to have turned a $6,000 investment in DroneShield stock five years ago into $126,000 today!
Which brings us to the surging ASX gold shares.
ASX gold miners shining bright
No fewer than three of the ASX 200 stocks smashing record highs today earn their keep digging gold from the ground.
And investors have the record-setting gold price to thank for much of this stellar performance.
Gold is currently fetching US$3,801.83 per ounce, notching its own new all-time highs, according to data from Bloomberg. This sees the gold price up 42.8% in a year.
It also sees the Newmont Corp (ASX: NEM) share price up 3.4% in afternoon trade on Monday, at $131.50. That puts the Newmont share price up 68.7% in 12 months. And it marks the highest share price since Newmont began trading on the ASX on 27 October 2023.
Rival gold miner Evolution Mining Ltd (ASX: EVN) is also enjoying a very strong run.
At the time of writing, Evolution Mining shares are changing hands for $10.69 each, up 3.4%. That puts Evolution Mining shares up 129.7% since this time last year. Once again, if the stock can hold these gains to close, it will mark the highest closing share price ever.
Rounding off the list of ASX 200 stocks hitting new all-time highs today is gold miner Perseus Mining Ltd (ASX: PRU).
Perseus Mining shares are up 2.0% at the time of writing, trading for $4.84 each.
This sees the Perseus share price up 85.3% in 52 weeks. And, you guessed it, it marks a new all-time high for the Aussie gold stock.
