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

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.

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%.

The post This ASX blue-chip share has notched up 9 52-week highs this month appeared first on The Motley Fool Australia.

More reading

• How did ASX 200 bank shares perform today?
• What’s the outlook for the NAB (ASX:NAB) share price in April?
• Worried about how the federal budget might impact your ASX shares? Here’s what Goldman says
• Why has the NAB share price surged 10% in the past month?
• Here are 2 ASX 50 dividend shares analysts rate as buys

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.

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