The S&P/ASX 200 Index (ASX: XJO) is up a welcome 0.9% in early afternoon trade on Thursday, with these four large-cap ASX 200 shares jumping to new 52-week plus highs.
So, which ASX stocks are notching new high-water marks today?
Read on!
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Rio Tinto Ltd (ASX: RIO)
Rio Tinto shares are up 2.1% at time of writing, changing hands for $178.27 apiece.
That's not just a new one-year highs for the ASX 200 mining giant, but if the stock can hold onto these gains to market close, it will mark a new all time high.
Rio Tinto shares have surged 53.6% over the past 12 months, not including dividends.
Macquarie Group Ltd (ASX: MQG)
Macquarie shares are also smashing records today.
Shares in the ASX 200 diversified financial company are up 0.6% today, trading for $241.94 each.
That will also mark a new all-time closing high for the stock, if it can maintain these gains to the end of the trading day.
Macquarie shares have gained 22.4% over 12 months, not including dividends.
Mineral Resources Ltd (ASX: MIN)
The third ASX 200 share trading at new 52-week plus highs is Mineral Resources.
Shares in the lithium miner and diversified resources producer are up 1.9% at time of writing, swapping hands for $70.64 each.
That's the highest level since May 2024. And comes after Mineral Resources shares have surged an eye-popping 238.5% over the past 12 months.
Yep, that's no typo.
If you'd invested $10,000 in Mineral Resources shares a year ago, you'd be sitting on $33,850 today.
Which brings us to the fourth ASX 200 share hitting new one-year plus highs today.
PLS Group Ltd (ASX: PLS)
Shares in PLS– formerly known as Pilbara Minerals – are up 0.8% at time of writing, trading for $6.29 each.
That sees the ASX 200 lithium share not just trading at new one-year highs but also at a new record high, if it can hold these gains to market close today.
And if you thought Mineral Resources shares were on fire this past year, take a look at the 307.5% 12-month leap in PLS shares.
That's enough to turn that $10,000 investment one year ago into $40,750 today.
What's sending these mega-cap ASX 200 shares to new one-year plus highs?
You'll notice that three of the ASX 200 shares above are in the mining business.
Atop their own operational successes, they've also been catching tailwinds from bullish commodity prices, notably iron ore, copper, and lithium.
Macquarie, which owns Macquarie Bank, has also been benefiting from its positive exposure to trading and capital markets via its financial services segment.
