These 10 ASX 200 shares hit new 52-week highs this Monday

These ASX 200 shares just hit new 52-week highs…

Happy child jumping for joy.

Image source: Getty Images

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's a pretty good day to be an ASX 200 share market investor this Monday. For one, we have seen the S&P/ASX 200 Index (ASX: XJO) hit yet another new all-time high, this one at 7,567 points. But ASX investors might be pretty blase about this new high, seeing as we seem to get another one every few days lately.

However, with the all-time high for the ASX 200, we have also seen many new 52-week highs from other ASX shares. Quite a few today actually. So let's run through 10 of the most prominent ones this Monday:

10 ASX 200 shares hitting new 52-week highs

ASX 200 company New 52-week high
Argo Investments Limited (ASX: ARG) $9.65
Endeavour Group Ltd (ASX: EDV) $6.95
Goodman Group (ASX: GMG) $23.73
Medibank Private Ltd (ASX: MPL) $3.42
Metcash Limited (ASX: MTS) $4.20
NIB Holdings Limited (ASX: NHF) $7.69
Pilbara Minerals Ltd (ASX: PLS) $2.14
Suncorp Group Ltd (ASX: SUN) $12.93
Telstra Corporation Ltd (ASX: TLS) $3.83
Wesfarmers Ltd (ASX: WES) $64.10

As you can see, it's highs all round for many ASX 200 shares. So what's behind all of this optimism?

Firstly, it's worth noting many of these companies were already on the precipice of new 52-week highs. A slight nudge upwards, which was happily provided by the ASX 200 today, was all that was needed to push some shares to their new 52-week highs.

We can put Pilbara Minerals or Telstra in this bucket. In Telstra's case, this ASX telco closed last week at $3.79 a share so it didn't need much of a push to hit $3.83 this morning.

Other ASX 200 shares here are benefiting from recently released earnings reports for FY2021. Suncorp is a good example. This ASX financials company released its earnings this morning which were well-received by investors. As a result, the Suncorp share price has surged more than 8% today.

Don't forget the dividends

You might also note that all of these ASX 200 shares enjoy a reputation as ASX dividend heavyweights. Indeed, many of these ASX shares have trailing dividend yields at the top of the range of what ASX blue chip shares are offering at the present time. This might be telling us that investors are searching for income and yield right now.

Whatever the reasons for each of these ASX 200 shares hitting new 52-week highs, there are no doubt an army of happy investors out there today.

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool Australia has recommended NIB Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a bountiful session for investors this hump day.

Read more »

An excited man stretches his arms out above his head as he reaches a mountain peak.
Record Highs

Breaking: CBA shares hit a new record of $180

CBA shares can't possibly keep rising can they?

Read more »

A happy young couple celebrate a win by jumping high above their new sofa.
52-Week Highs

Guess which ASX 200 furniture retailer is up 400% in 5 years?

Up 400% over the past five years is not bad for a furniture retailer. Here's why this quiet compounder has…

Read more »

Arrows pointing upwards with a man pointing his finger at one.
Share Market News

Morgans says these ASX stocks can rise 30% to 80%

These shares could be cheap according to the broker. Let's see what it is saying.

Read more »

Two people shaking hands in the boardroom on a merger.
Mergers & Acquisitions

What did Macquarie make of the Brickworks and Soul Patts merger?

Macquarie sees simplification, scale, and upside… but it also has a warning..

Read more »

A cool young man walking in a laneway holding a takeaway coffee in one hand and his phone in the other reacts with surprise as he reads the latest news on his mobile phone
Mergers & Acquisitions

PointsBet share price surges 11% on improved takeover offer

The bidding war for PointsBet shares continues apace today.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

Leading broker tips 50%+ upside for IDP Education shares

The team at Macquarie thinks this beaten down stock could be a buy.

Read more »

Man looking happy and excited as he looks at his mobile phone.
Share Gainers

Why Coronado, DroneShield, Lovisa, and Mayne Pharma shares are racing higher today

These shares are having a good time on hump day. But why?

Read more »