Why these 3 ASX 200 shares are at 52-week highs

A number of ASX 200 shares hit their stride on Thursday as the benchmark index breached the 7,000 point mark for the first time ever.

a woman

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 was a record-breaking day for ASX 200 shares as the benchmark index crashed through the 7,000 points barrier for the first time ever.

Leading Aussie equities higher were some of the biggest companies by market capitalisation available on the S&P/ASX 200 Index (INDEXASX: XJO).

Commonwealth Bank of Australia (ASX: CBA)

The largest of the ASX 200 shares hit a new 52-week high on Thursday to lead the index higher.

Commonwealth Bank shares finished up 0.96% at $84.46 per share, the first time they've stretched beyond $84 in the last 12 months.

All of the big four banking shares saw strong gains alongside CSL Limited (ASX: CSL) and Telstra Corporation Ltd (ASX: TLS) to boost the share market higher.

SCA Property Group (ASX: SCP)

The SCA Property Group security price gained 1.09% in a strong day for the Aussie real estate investment trust (A-REIT).

SCA Property has significant holdings in retail shopping centres across Australia which provide strong rental income for distribution.

The ASX 200 REIT has been the beneficiary of low interest rates propelling the Aussie retail sector further than anticipated.

SCA Property shares are currently yielding 4.55% per annum with a price-to-earnings (P/E) ratio of 22.17.

NRW Holdings Limited (ASX: NWH)

The NRW Holdings has been one of many ASX 200 shares climbing higher to start 2020.

NRW shareholders were some of the big winners in a year of huge capital gains in 2019.

The NRW share price closed at a new 52-week high of $3.38 per share on Thursday as the $1.44 billion engineering group continues its bullish run.

NRW shares have more than doubled since early January 2018 after strong earnings and the acquisition of BGC Contracting for $116.4 million.

A few honourable mentions…

While these ASX 200 shares were hitting fresh highs, so too were a number of other big name companies.

CSL Limited (ASX: CSL), Chorus Ltd (ASX: CNU), National Storage REIT (ASX: NSR) and Macquarie Group Ltd (ASX: MQG) were among the winners list in another strong day for domestic equities.

Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of Shopping Centres Australasia Property Group. The Motley Fool Australia has recommended National Storage REIT. 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 52-Week Highs

A cloud with a blue arrow pointing upwards through its middle symbolising a rising asx share price
52-Week Highs

7 ASX 200 shares smashing new highs on Tuesday

Here's why these companies are hitting new 52-week highs on Tuesday.

Read more »

Hands reaching high for a trophy with a sunset in the background.
52-Week Highs

6 ASX 200 shares smashing new highs while the market dives today

Do you own any of these lucky ASX 200 stocks?

Read more »

A woman wearing a top of gold coins and large gold hoop earrings and a heavy gold bracelet stands amid a shower of gold coins with her mouth open wide and an excited look on her face.
Gold

14 ASX gold stocks unearthing fresh 52-week highs today

Do you own any of these hot gold miners?

Read more »

An older female ASX investor holds a gangster-style fist pump pose showing off gold rings with dollar signs on them.
52-Week Highs

These 16 ASX 200 shares are hitting new 52-week highs today even as the market sinks

Do you own any of these lucky stocks?

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Gold

Why this $9.6 billion ASX 200 gold stock is smashing the market today

This gold miner has hit a 52-week high on Wednesday. What's going on?

Read more »

Excited group of friends sitting on sofa watching sports on TV and celebrating.
ETFs

4 ASX ETFs that hit new 52-week highs today

These ETFs provide exposure to the gold price and companies in emerging markets.

Read more »

Two happy scientists analysing test results.
52-Week Highs

3 ASX All Ords health care shares that reached 52-week peaks today

These health care companies finished the week on a positive note.

Read more »

group of friends jump on the beach
52-Week Highs

6 ASX 300 shares that hit new 52-week highs today

Here's why these companies stood out in an otherwise lacklustre day of trading.

Read more »