3 ASX 200 shares smashing new 52-week highs on Wednesday

The S&P/ASX 200 Index (ASX: XJO) has shaken off yesterday’s sluggish performance with another day of tentative gains so far this Wednesday. At the time of writing, the ASX 200 has added another 0.1%, putting the index up to just under 7,400 points. But it’s been even better for some ASX 200 shares.

So let’s discuss three such shares that have just cleared new 52-week highs

3 ASX 200 shares hitting new 52-week highs on Wednesday

Worley Ltd (ASX: WOR)

ASX 200 resources engineering company Worley is first up. Worley shares are on fire today, with the company recording a solid 1.55% gain so far today to $15.71 a share at the time of writing. But earlier this morning, Worley rose as high as $15.75, which is the stock’s new 52-week high.

Worley has been at these kinds of levels before, but this is the highest the stock has climbed since the company touched over $16 back in early 2020. Despite no ASX announcements out in 2023 so far, Worley shares have risen by more than 6% since the start of the year.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX 200 share making new highs today is wine producer Treasury Wine Estates. Treasury shares are up a decent 0.56% so far this session to $14.36 each.

But Treasury rose as high as $14.38 around midday today, which is the company’s new 52-week high. This is also a new post-COVID high for the company, which hasn’t gotten above the $15 mark since January 2020.

The Treasury share price might be benefitting from the reopening of China, a key market for the company. Treasury shares are also up big in 2023 so far, having risen nearly 10% since New Year’s Day.

Qantas Airways Limited (ASX: QAN)

Finally today, we have ASX 200 travel share and national icon, Qantas. Like Treasury, investors seem to be seeing Qantas in a new light following the announcement that China is opening back up.

Since hitting a 52-week low of $4.21 back in August last year, Qantas shares have taken to the skies. The company is now up close to 60% from that August low, including the 2.2% it has added today.

Qantas shares are currently going for $6.69 each, which is the airline’s new 52-week (and post-COVID) high. The Qantas share price is now up a pleasing 12.5% in 2023 year to date.

The post 3 ASX 200 shares smashing new 52-week highs on Wednesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 Treasury Wine Estates. 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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