ASX 200 breaks through the 7,000 points level

Gains by Commonwealth Bank of Australia (ASX:CBA) and CSL Limited (ASX:CSL) have helped the ASX 200 break through the 7,000 points level…

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It has been a day for milestones on the S&P/ASX 200 index on Thursday.

In morning trade the benchmark index has continued its positive run and broken through the 7,000 points mark for the first time in its history.

At the time of writing the S&P/ASX 200 index is up 0.6% to 7,035.1 points.

This follows the signing of a landmark phase one trade deal between the United States and China.

a woman

What other milestones are being made on the ASX 200?

The positive investor sentiment reverberating through the market has led to a number of other milestones being made on Thursday.

Chief among them is the CSL Limited (ASX: CSL) share price. In early trade the biotherapeutics giant's shares broke through the $300 mark for the first time.

CSL's shares topped out at a record high of $300.58 before retreating slightly.

It has also been a positive day of trade for some of CSL's healthcare peers.

Cochlear Limited (ASX: COH), ResMed Inc. (ASX: RMD), and Sonic Healthcare Limited (ASX: SHL) have climbed to all-time highs of their own this morning.

Cochlear's shares raced to a record of $239.99, ResMed's shares have hit a record high of $23.19, and Sonic Healthcare's shares are trading at an all-time high of $30.84.

Fellow healthcare favourite Ramsay Health Care Limited (ASX: RHC) is also on form. It has reached a 52-week high of $75.66 this morning.

But the gains have not been restricted to the healthcare sector. Even banking giant Commonwealth Bank of Australia (ASX: CBA) is getting in on the action.

The shares of Australia's largest bank have climbed to a 52-week high of $84.36 on Thursday. It is joined by Macquarie Group Ltd (ASX: MQG), which has continued its positive run and hit a record high of $142.48.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. and CSL Ltd. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia has recommended Cochlear Ltd., Ramsay Health Care Limited, ResMed Inc., and Sonic Healthcare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A group of business people pump the air and cheer.
Broker Notes

Bell Potter names the best ASX shares to buy in March

These shares have been named as best buys by the broker this month. Let's see why it is bullish.

Read more »

Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.
Share Market News

Northern Star Resources to join S&P/ASX 20 in March 2026 index shake-up

Northern Star Resources will be added to the S&P/ASX 20 on March 23, 2026, increasing its profile among ASX blue…

Read more »

An older man wearing a helmet is set to ride his motorbike into the sunset, making the most of his retirement.
Share Market News

Here is the average Australian superannuation balance at age 67 in 2026

Are you on track for a comfortable retirement? Let's look at the numbers.

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

A once-in-a-lifetime opportunity to snap up this 10.75% ASX dividend yield?

This company combines a huge yield with many other positive attributes.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrid end to the trading week.

Read more »

A man looking at his laptop and thinking.
Broker Notes

Buy, hold, sell: Guzman Y Gomez, Lovisa, and Newmont shares

Let's see what analysts at Morgans are saying about these shares.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
Share Gainers

7 ASX 200 stocks racing higher in this week's sinking market

Investors sent these seven ASX 200 stocks flying higher despite this week’s big market retrace. But why?

Read more »