Monday is a good day on the market for many S&P/ASX 200 Index (ASX: XJO) shares, and these three are really making the most of it.
Right now, the ASX 200 is up 0.13%. Meanwhile, the All Ordinaries Index (ASX: XAO) has gained 0.07%.
So, which ASX 200 shares are roaring to new heights on Monday? Let’s take a look.
3 ASX 200 shares inking new 52-week highs today
National Australia Bank Ltd (ASX: NAB)
The NAB share price is pushing ahead again on Monday, gaining 1.11% to trade at its new 52-week high of $32.86 in intraday trade.
There’s been no news from the second largest of the ‘big four’ banks to explain its gain. However, it’s been pushing new 52-week highs for a few weeks now.
The NAB share price has gained 13% so far this year.
Worley Ltd (ASX: WOR)
The Worley share price is also launching upwards to reach long-forgotten heights on Monday.
The oil and gas engineering group’s stock hit $14.05 this morning. That’s the highest it’s traded since the onset of COVID-19 and 2.48% higher than its previous close.
Today’s boost comes amid news the company will be appealing a Federal Court decision handed down last month.
Then, the court ruled in favour of shareholders claiming Worley misled the market way back in 2013.
Right now, the ASX 200 share is trading for 30% more than it was at the start of 2022.
Whitehaven Coal Ltd (ASX: WHC)
The final ASX 200 share hitting new 52-week highs on Monday is Whitehaven Coal.
The coal producer’s stock rose 1.5% to a new 12-month high point of $4.63 this morning.
Today’s movement follows on from Friday’s 3.9% gain, potentially spurred by the European Union’s impending ban on Russian coal imports.
As The Motley Fool Australia reported last week, that decision could see Europe turning to Australia for coal.
The coal producer’s stock has gained 71% in 2022 so far.
The post 3 ASX 200 shares starting the week with new 52-week highs appeared first on The Motley Fool Australia.
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More reading
- Is the NAB share price entering a ‘sweet spot’?
- How retirees can maximise returns from ASX dividend shares: fund manager
- Why these ASX bank shares could outperform over the next 6 weeks
- Here are the 5 best performing ASX 200 bank shares of the March quarter
- Why ASX coal shares are charging higher again today
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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