This ASX blue-chip share has notched up 9 52-week highs this month

It's been a good month for this ASX giant.

| More on:

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

Key points
  • ASX blue-chip bank, NAB has seen its share price reach a new 52-week high during 9 trading sessions in March 
  • It fact, it has notched up a new 52-week high every consecutive trading day for more than a week now 
  • The NAB share price hit its latest 52-week high in today's session, reaching $32.56 

March has been a good month for many of the market's biggest names, and one ASX blue-chip share is making the most of it.

The National Australia Bank Ltd. (ASX: NAB) share price has surpassed its own 12-month record high 9 times this month, often on consecutive days.

In fact, it's beaten it once again today, gaining 0.5% to trade at $32.56 at its intraday – and new 52-week – high point.

Let's take a look back at each time the ASX blue-chip share has bested its own milestone this month.

share price rising

Image source: Getty Images

ASX blue-chip share hits 9 52-week highs in March

Today is another good day for the NAB share price ­– it's in the green once more, pushing past its previous 52-week high yet again.

And it's perhaps not surprising given the bank stock's performance over the month of March. It has gained nearly 12% since the end of February.

Interestingly, its share price has only outperformed the broader ASX blue-chip market by around 5% in that time.

The S&P/ASX 100 Index (ASX: XTO) has gained 7% this month, as has the S&P/ASX 50 Index (ASX: XFL).

Prior to March, the NAB share price's 52-week high was $30.98. It reached that point in mid-February 2022.

Then, on 17 March, it traded as high as $31.27.

That 12-month high didn't last long. On 21 March, the ASX blue-chip share surpassed it to reach $31.47 – but its new 52-week high was beaten only days later when it hit $31.74 on 23 March.

Since then, it has reached a new 52-week high during every single trading session, culminating in today's $32.56 high point.

As many readers have likely already assumed, the NAB share price has been performing well this year.

It's bested the S&P/ASX 200 Index (ASX: XJO)'s performance by nearly 11% over 2022 so far.

It has also gained 24.5% over the last 12 months. Over that same period, the benchmark index has risen by 11%.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on 52-Week Highs

Two friends giving each other a high five at the top pf a hill.
52-Week Highs

Are these ASX shares hitting 52-week highs still worth buying?

Is there any more upside for these stocks?

Read more »

A business person directs a pointed finger upwards on a rising arrow on a bar graph.
Energy Shares

5 ASX 200 energy shares smash multi-year highs after oil price spike

The ASX 200 Energy Index reached a two-year high of 11,071.80 points on Thursday.

Read more »

A young woman with her mouth open and her hands out showing surprise and delight as uranium share prices skyrocket
52-Week Highs

7 ASX All Ords shares finish earnings season on a 52-week high

The ASX All Ords Index reached a record high on the final day of earnings season.

Read more »

A beautiful ocean vista is shown with a woman whose back is to the camera holding her arms up in triumph as she stands at the top of a rock feeling thrilled that ASX 200 shares are reaching multi-year high prices today
52-Week Highs

5 ASX 200 stocks including NAB, Woodside and BHP shares charging to new 52-week plus highs today

Investors just sent NAB, BHP, Woodside and these two top ASX 200 stocks to new multi-year highs. But why?

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
52-Week Highs

Woodside and these ASX 200 stocks just hit new 52-week highs

It's been a wonderful day for these shares.

Read more »

A woman wearing a black and white striped t-shirt looks to the sky with her hand to her chin, contemplating buying ASX shares.
Broker Notes

Buy, hold, or sell? 3 ASX 200 shares at record highs

These three ASX 200 shares reached new record highs in early trading on Tuesday.

Read more »

a man in a business suit looks at a map of the world above a line up of oil barrels with a red arrow heading upwards above them, indicting rising oil prices.
Energy Shares

Why did the Woodside share price just hit an 18-month high?

Geopolitical tensions are pushing up oil prices today.

Read more »

Happy girls taking selfie on a mountain peak.
Communication Shares

Telstra shares just hit a 9-year high. Here's why

Telstra shares haven't been this high since 2017.

Read more »