The S&P/ASX 200 Index (ASX: XJO) is in and out of the red on Thursday. Though, it’s being buoyed by three ASX 200 shares hitting new heights.
Undoubtedly to the joy of their shareholders, the three stocks have climbed as much as 5.7% today to post new record highs.
Right now, the ASX 200 is 0.17% lower than it was at Wednesday’s close.
Let’s take a look at what’s led these ASX 200 shares to mark their newest milestones.
3 ASX 200 shares inking new record highs today
IGO Ltd (ASX: IGO)
The share price of ASX 200 diversified mining company IGO is taking off on Thursday, lifting 3% to reach an all-time high of $15.48 this morning.
Interestingly, there’s been no price-sensitive news from the miner in the last fortnight.
However, news of confirmed nickel targets at the Mt Alexander Project dropped yesterday. IGO holds a 25% interest in some of the project’s tenements.
The stock has been on a roll lately, gaining nearly 19% over the last 30 days.
Whitehaven Coal Ltd (ASX: WHC)
Speaking of stocks on a roll, the share price of ASX 200 coal producer Whitehaven Coal has launched more than 270% so far this year to reach an all-time high of $10.32 on Thursday. That’s 5.7% higher than its previous close.
The company has been a major beneficiary of the surging demand for, and value of, coal in 2022. And the best might be yet to come.
The federal government recently estimated that financial year 2023 will be a record-breaking year for Australian coal exports.
New Hope Corporation Limited (ASX: NHC)
On that note, the New Hope share price is also rocketing to never-before-seen heights today, reaching $6.85 in intraday trade – a 3.5% gain.
The ASX 200 share is also a coal producer, with a focus on thermal coal.
Demand for thermal coal, in particular, is expected to soar in the near future as various nations continue their push to keep the lights on.
The post 3 ASX 200 shares smashing all-time highs on Thursday appeared first on The Motley Fool Australia.
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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 Scott Phillips.
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