7 ASX 200 large-cap shares hitting multi-year highs today

ASX 200 shares are trading at a 14-week high as earnings season continues.

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S&P/ASX 200 Index (ASX: XJO) shares are up 0.43% to 9,053 points on Thursday.

The benchmark index rose above 9,000 points for the first time in 14 weeks yesterday as earnings season continues.

Yesterday's gain was largely due to a surge in Commonwealth Bank of Australia (ASX: CBA) shares following the bank's 1H FY26 report.

A surprise 6% profit lift took CBA back to the top spot on the ASX 200, displacing the recently returned BHP Group Ltd (ASX: BHP) shares.

CBA shares took the title from BHP in July 2024, and BHP shares took it back last month.

On Thursday, the market remained above the 9,000-point mark, trading between a low of 9,014 points and a high of 9,105 points.

That's not far off the market's all-time high of 9,115.2 points reached in October last year.

Five ASX 200 large-cap shares reached new record prices today, and two more stocks reached multi-year highs.

Large-caps have a market capitalisation of $10 billion or more.

All seven ASX 200 shares are from the market's two largest sectors — financials and materials (which incorporates mining).

Let's take a look.

A beautiful ocean vista is shown with a woman whose back is to the camera holding her arms up in triumph as she stands at the top of a rock feeling thrilled that ASX 200 shares are reaching multi-year high prices today

Image source: Getty Images

7 ASX 200 large caps setting new price milestones today

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price skyrocketed 9.1% to a record $40.57 on Thursday.

This followed the release of the bank's 1Q FY26 report.

ANZ reported a quarterly cash profit of $1.94 billion, up 75% from the 2H FY25 quarterly average.

Westpac Banking Corp (ASX: WBC)

The Westpac share price lifted 3.6% to a record $41.72 in earlier trading.

There was no price-sensitive news pertaining to the big four ASX 200 bank share today.

National Australia Bank Ltd (ASX: NAB)

The National Australia Bank share price rose 3.9% to a record $47.25 on Thursday.

NAB also had no news for the market.

It's likely that both NAB and Westpac shares are simply benefiting from the slipstream of ANZ's surge today.

South32 Ltd (ASX: S32

The diversified ASX 200 miner climbed 5.4% to an intraday high of $4.91 on Thursday.

That is South32's highest share price since June 2022.

The price surge came on the back of the miner's 1H FY26 report.

South32 reported a 29% increase in profit to US$464 million.

The ASX 200 mining share will pay a fully-franked interim dividend of 3.9 US cents per share.

BHP Group Ltd (ASX: BHP)

The BHP share price ascended 3.1% to an intraday high of $52.64.

BHP shares have not traded at this level since April 2022.

The Big Australian is due to release its 1H FY26 report next Tuesday.

Rio Tinto Ltd (ASX: RIO)

Rio Tinto, the third largest ASX 200 mining share, reached a record $168.78, up 2.6%, in earlier trading.

The Rio Tinto share price has been on a roll since the company walked away from merger talks with Glencore last week.

Northern Star Resources Ltd (ASX: NST)

The Northern Star Resources share price ripped 6.9% to a record $30.21 after the gold miner dropped its 1H FY26 report.

Northern Star revealed a 41% increase in statutory net profit after tax (NPAT) to $714.4 million.

The ASX 200 gold mining share will pay a fully-franked interim dividend of 25 cents per share.

Motley Fool contributor Bronwyn Allen has positions in BHP Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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