It seems like the recovery that the S&P/ASX 200 Index (ASX: XJO) tentatively began yesterday before being prematurely snuffed out is back this Wednesday. At the time of writing, the ASX 200 has risen by a confident 0.75%, pulling the index up to around 8,440 points. But some ASX 200 shares are doing even better than that today.
Yesterday, we discussed six ASX 200 shares that hit new 52-week highs. But today, we have another ten (with some overlap) who have enjoyed this same honour.
So, let's talk about those ten ASX 200 shares that have hit new highs this session.
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Ten ASX 200 shares that have just hit new 52-week highs
Here are the ten ASX 200 shares at new 52-week highs this Wednesday:
| ASX 200 stock |
New 52-week high* | Current share price* | Current gain for day* |
|
Pro Medicus Limited (ASX: PME) |
$287.78 | $286.70 | 0.98% |
|
Capricorn Metals Ltd (ASX: CMM) |
$7.99 | $7.97 | 0.76% |
|
Insignia Financial Ltd (ASX: IFL) |
$4.65 | $4.63 | 7.06% |
|
HUB24 Ltd (ASX: HUB) |
$81.20 | $80.06 | 0.19% |
|
Pinnacle Investment Management Group Ltd (ASX: PNI) |
$27.11 | $26.27 | 4.37% |
|
Genesis Minerals Ltd (ASX: GMD) |
$3.29 | $3.28 | 1.23% |
|
De Grey Mining Ltd (ASX: DEG) |
$2.06 | $2.06 | 1.23% |
|
Gold Road Resources Ltd (ASX: GOR) |
$2.60 | $2.58 | 1.18% |
|
Regis Resources Ltd (ASX: RRL) |
$3.27 | $3.22 | 0.78% |
|
News Corporation (ASX: NWS) |
$53.31 | $53.08 | 2.59% |
*at the time of writing
What can we learn from these new 52-week highs?
Well, first up, News Corp, Gold Road, and Pro Medicus are at their second new 52-week high in a row today, after all three ASX 200 shares recorded a fresh new high just yesterday.
There hasn't been any fresh news out of these stocks this session, so it just looks like investors are happy to keep piling into these ASX 200 shares at their new highs. In News Corp's case, some recent love from an ASX broker might be pushing sentiment.
Of the ten stocks on today's list, five are ASX 200 gold shares. Those would be Regis Resources, Genesis Minerals, Gold Road Resources, De Grey Mining, and Capricorn Metals.
This isn't too surprising. The precious metal hit another record high overnight, climbing as high as US$2,875 an ounce. As such, it's not too shocking to see these gold miners' share prices respond in kind.
Finally, it's worth mentioning ASX 200 share and investment manager Pinnacle Investments. The big jump in the Pinnacle share price we are witnessing today can be attributed to the company's new half-year earnings report, which was released this morning.
As we covered at the time, this report contained many highlights that investors are clearly responding to today. These include a 17% hike in revenues for the period to $27.8 million, a 150% surge in net profits to $75.7 million, and a 112% boost to the company's next dividend.
