3 ASX 200 shares smashing all-time highs on Thursday

Do you own any of these shares hitting new 52-week highs today?

| More on:
Three exuberant runners dash towards the camera. One raises her arms in triumph; another jumps in the air with arms raised. The third runner gives a satisfied smile.

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

The S&P/ASX 200 Index (ASX: XJO) has given up an early morning boost and is now disappointingly well back in red territory. At the time of writing, the index has retreated by 0.15% and is back under 7,020 points.

But this dip has failed to stop three ASX 200 shares from hitting new 52-week highs this Thursday. Let's dive into them now.

3 ASX 200 shares at new 52-week highs this Thursday

Seven Group Holdings Ltd (ASX: SVW)

First up is Seven Group, the ASX 200 conglomerate run by the Stokes family. Seven shares are currently up a rosy 0.53% at $30.59 each. But earlier today, the company climbed as high as $30.84 a share, which is Seven's new 52-week high watermark, as well as a new all-time record high.

There's been no fresh news out of Seven that we can point to in justifying this new high. But this company has been in high demand for a few months now, with the Seven share price up around 24% since the start of July. It was only a few days since Seven Group's last new 52-week high as well. Year to date, the Seven share price has now risen by a pleasing 45.7%.

Pro Medicus Limited (ASX: PME)

ASX 200 healthcare share Pro Medicus is next up. Pro Medicus shares have gained a robust 1.11% so far today and are currently asking $81.56 each. Just after midday though, the company rose up to a new 52-week high of $82.25. That's also a new all-time high for Pro Medicus shares.

Earlier this week, Pro Medicus revealed it had won a new $140 million contract with Baylor Scott & White Health, which seems to be the catalyst behind this latest surge in Pro Medicus shares.

Since Monday, the Pro Medicus share price has risen by a whopping 14.7%. That puts Pro Medicus shares up 50.2% in 2023 so far.

United Malt Group Ltd (ASX: UMG)

ASX 200 malt share United Malt Group rounds out our list today. United Malt shares are presently asking $4.94 each, up 0.3% so far. But just after market open this morning, we saw United Malt hit a new 52-week high of $4.96.

We probably don't need to look too far with this one. United Malt is currently in takeover talks with the French maltster Malteries Soufflet SAS. Earlier this year, Malteries Soufflet made a bid for United Malt Group at $5 a share.

This morning, we learnt that Malteries Soufflet has gained approval from the French government for the takeover. This means that the takeover is one step closer. So it's no surprise to see the shares edging up further towards the takeover price today.

This puts United Malt shares up 41.7% this year to date.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. 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

An excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices today
52-Week Highs

This ASX 200 stock just hit a 14-year high following an upgrade from Macquarie

You’d have to go all the way back to May 2010 to find the ASX 200 stock trading at higher…

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Materials Shares

Why is this ASX lithium stock jumping to a 52-week high today?

This lithium stock is smashing the market this year despite all the doom and gloom in the industry.

Read more »

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

3 ASX 200 shares smashing new 52-week highs on a red-market day

These lucky shares are defying the market today.

Read more »

A piggy bank on the cloud in the blue sky symbolising a record high share price.
Share Market News

Here's why Morgan Stanley says the record-high ASX 200 has more room to run

The top broker also thinks investors should prepare for a rotation out of ASX bank stocks in 2025.

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
52-Week Highs

Why is this ASX stock jumping 10% to a decade-high today?

What is getting investors excited today? Let's find out.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

12 non-bank ASX 200 shares smashing new 52-week highs today

Do you own any of these stocks at 52-week highs today?

Read more »

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 »