The market is back in the green and these two S&P/ASX 300 Index (ASX: XKO) shares are making the most of it. Theyâve rocketed to trade at their highest point in more than 12 months.
It comes as the index bounces back from yesterdayâs carnage. After starting the year off with a 1.28% tumble, the ASX 300 is up 1.43% at the time of writing, trading at 7,045 points.
So, which market favourites are riding the wave to long-forgotten heights? Letâs take a look.
2 ASX 300 shares posting new 52-week highs
The first ASX 300 share posting a new 52-week high on Wednesday is diversified mining contract services provider NRW Holdings Limited (ASX: NWH).
Stock in the company surged 3.94% earlier today to peak at $2.90. That marks its highest point in nearly two years.
Interestingly, thereâs been no news from the industrial stock to explain todayâs gain. Though its subsidiary Golding Contractors is set to kick off a $230 million mining services agreement this month, as the ASX-listed company announced in December.
The last 12 months have been a good time to be invested in the ASX 300 share. It has gained a whopping 58% since this time last year.
Posting a new 52-week high alongside shares in NRW Holdings is former market darling A2 Milk Company Ltd (ASX: A2M).
The milk and baby formula companyâs stock hit a high of $7.07 earlier today, marking a 4.43% gain. That’s the highest the stock has traded since May 2021.
Interestingly, thereâs been no price-sensitive news from the company in months.
Though, as my Fool colleague Tristan recently noted, A2 Milk could be among those set to benefit from Chinaâs reopening. A fair chunk of its earnings was once derived from daigou buyers.
The last 12 months have been good to A2 Milk stock. The ASX 300 companyâs share price has risen 26% since this time last year.
The post 2 ASX 300 shares soaring to new 52-week highs today appeared first on The Motley Fool Australia.
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More reading
- Can these 2 ASX 200 shares crush the market again in 2023?
- 3 ASX shares near 52-week highs I think can climb higher
- I think these 3 ASX shares could benefit from a Chinese tourism boom
- Could A2 Milk shares pay a dividend in 2023?
- Here are the top 10 ASX 200 shares 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 recommended A2 Milk. 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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