Industrials and miners are leading the charge on Wednesday with both sectors outpacing the benchmark S&P/ASX 200 Index (ASX: XJO)'s 55 basis point gain.
The S&P/ASX 200 Industrials Index (ASX: XNJ) has spiked almost 2.5% whereas the S&P/ASX 300 Metals & Minning Index (ASX: XMM) has clipped a 2% jump.
Amongst that group, these shares have nudged past their 52-week highs in today's session.
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Atlas Arteria Group (ASX: ALX)
Shares of Atlas Arteria have shot to yearly highs after the company told investors that IFM Global Infrastructure Fund (IFM) has obtained an economic interest of around 15% in the company.
"IFM has indicated that it intends to request from Atlas Arteria access to certain limited company information to assess whether it can submit a non-binding indicative proposal to acquire [Atlas]," the company said.
"Atlas Arteria has not yet received any such request for information nor any proposal from IFM."
Investors were immediately on the track and the stock shot to its intraday highs from the opening of trade, holding that line since.
After dancing around the $7 mark for the last month of trade, Atlas' shares rallied to a high of $8.35 in today's trading. The Atlas share price is currently trading at $8.25.
Santos Ltd (ASX: STO)
Hydrocarbons giant Santos attracted buyers immediately from the open and has clipped a 3% gain on the day. The Santos share price is currently $8.73.
Despite no market-sensitive info from the company today, Santos shares have nudged higher today in continuation with the longer-term uptrend.
Investors have booked tidy gains with Santos in 2022. The stock already punched past its 52-week high on Monday, as market pundits continue winding up the oil and gas trade.
Brent Crude has broken out to the upside after trading sideways since April and is now priced at US$120 per barrel.
As momentum in both commodity sectors continues rallying north, it stands to reason that investors are buying into that strength with the Santos share price as well.
Aurizon Holdings Ltd (ASX: AZJ)
Shares of Aurizon have also cracked their 52-week high in today's session and now rest at $4.21 apiece.
The company has seen investors buying into share price strength over the past few months, with the stock climbing from a low of $3.45 in March.
Since then, Aurizon has set a series of new highs despite no market-sensitive updates on the company.
Nevertheless, broker sentiment is mixed on the company, with just 23% of brokers covering the stock saying that it's a buy, and 46% rating it a sell, according to Bloomberg data.
The consensus price target from this list is $3.70 per share, meaning the company is now trading above this valuation.
In the last 12 months, Aurizon shares have clipped an 11% gain as well as a 21% gain this year to date.
