The S&P/ASX 200 Index (ASX: XJO) is lifting on Thursday, boosting these shares to new 52-week highs.
Right now, the index is up 0.64%, trading at around its highest point since January.
And three of its constituents are using the day’s strong trade to surpass their own prior performance – trading at their highest point in at least a year.
So, which ASX 200 shares are reaching new 12-month highs on Thursday? Let’s take a look.
3 ASX 200 shares bouncing to new 52-week highs
Allkem Ltd (ASX: AKE)
The Allkem share price launched 7% to a new 52-week (and all-time) high of $14.27 on Thursday morning.
The lithium miner’s gains followed the release of an update on the company’s performance over the March quarter.
Allkem’s revenue for the three months ended 31 March reached US$235 million, boosted by an average lithium price of US$2,178 per dry metric tonne.
Despite its surge in early Thursday trade, the Allkem share price has since settled to trade at $13.47, 1.58% higher than its previous close.
APA Group (ASX: APA)
Another ASX 200 share hitting a new 52-week high on Thursday is none other than APA Group.
The energy infrastructure company’s stock leapt 2.5% this morning, reaching a new 52-week high of $11.09. That’s the highest the company’s stock has traded since 2020.
There’s no obvious reason behind its gains on Thursday. However, it’s been a good day for many of its peers on the S&P/ASX 200 Industrials Index (ASX: XNJ). The sector is currently up 0.97%.
Endeavour Group Ltd (ASX: EDV)
The third ASX 200 share hitting a new 52-week high on Thursday is Endeavour.
The drinks and hospitality company’s stock rose 1.1% to trade at $7.81 today. That’s the highest its ever reached, after splitting from Woolworths Group Ltd (ASX: WOW) last year.
There hasn’t been any price-sensitive news released by the company since February.
However, it did open its first premium Dan Murphy’s Cellar store yesterday. The store houses wine with price tags of up to $160,000 a bottle.
The company also opened its first bar – ZERO% – in Melbourne late last month. If the name didn’t give it away, the bar serves non-alcoholic beverages only, with a range of more than 30 drinks available.
The post 3 ASX 200 shares hopping to new 52-week highs today appeared first on The Motley Fool Australia.
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More reading
- Why Allkem, Domino’s, Qantas, and Uniti shares are racing higher
- Lithium boom: Allkem share price hits record high on Q3 update
- Which ASX lithium shares does Macquarie tip to outperform?
- ASX 200 midday update: Bank of Queensland sinks, Allkem jumps
- New ASX uranium share to hit boards next month and investors are already pouncing
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 owns and has recommended APA Group. 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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