Why these 3 ASX shares are at 52-week highs

ASX 200 shares had another good day yesterday as these 3 big-name companies led the Aussie index to yet another record high.

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Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Wednesday.

Check out these 3 shares that jumped to new 52-week highs in a big day of trade for Aussie equities.

a woman

3 ASX shares at 52-week highs

1. Pushpay Holdings Ltd (ASX: PPH)

The Pushpay share price climbed 4.07% higher to $4.35 per share at yesterday's close.

That brings the fintech group to a new record high, despite no major announcements aside from confirmation that Kabouter Management, LLC has become a substantial holder. That buying could be the catalyst that propelled Pushpay shares to their new record high.

2. Fletcher Building Limited (ASX: FBU)

Shares in the ASX 200 building group closed 1.51% higher yesterday at $5.37 per share.

The Fletcher Building share price hit a new 52-week high of $5.40 just prior to the market close as the group continues its bullish run.

There have been no announcements from Fletcher since prior to Christmas but that hasn't slowed down its momentum.

Since the start of November, the Fletcher Building share price has rocketed 26.35%. However, it isn't all good news with the ASX 200 builder's shares still down 18% in the last 2 years.

3. Coca-Cola Amatil Ltd (ASX: CCL)

The Coca-Cola Amatil share price continued to climb higher yesterday and closed at $11.97 per share. 

Shares in the ASX 200 group are now up 45.27% since the start of 2019 in a real turnaround for shareholders.

There have been no 2020 announcements from Coca-Cola Amatil but that hasn't stopped investors buying into the Aussie bottling group. 

The new 52-week high of $12.07 per share is a far cry from its $7.85 52-week low set 11 months ago.

Foolish takeaway

These 3 200 shares were key to the Aussie index smashing its all-time high once again yesterday.

The ASX 200 reached as high as 7,144.90 points yesterday as the biggest names continue to soar.

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 PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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.

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