CBA and 7 other ASX 200 shares smashing new highs on Thursday

The S&P/ASX 200 Index (ASX: XJO) is back on form and roaring higher on Thursday.

At the time of writing, the benchmark index is up 0.95% to 7,890.6 points.

This follows a strong night on Wall Street driven by interest rate cut optimism. For example, the Dow Jones index rose 1.1%, the S&P 500 climbed 1%, and the Nasdaq stormed 1.2% higher. The latter two indices closed at new record highs.

Speaking of record highs, a number of ASX 200 shares are hitting new highs on Thursday. Let’s take a look at a handful that are setting records for their lucky shareholders today:

Aristocrat Leisure Limited (ASX: ALL)

The Aristocrat Leisure share price is pushing higher again on Thursday. This has seen the ASX 200 gaming technology share reach a new high of $52.09. This stretches its 12-month return to an impressive 40%.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price has hit a new record high of $130.30 this morning. This means that the shares of Australia’s largest bank are now up approximately 31% since this time last year. Incredibly, this is despite almost every major broker declaring this ASX 200 share as vastly overvalued at current levels.

REA Group Ltd (ASX: REA)

The REA Group share price has breached the $200 market for the first time. In morning trade, they have climbed to a record high of $200.50. The realestate.com.au operator’s shares have risen 40% over the past 12 months.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is on fire today thanks to some big news out of the United States. This has seen the radiopharmaceuticals company’s shares rocket higher and reach a new high of $20.16. Telix shares are now up approximately 80% since this time last year.

Xero Ltd (ASX: XRO)

The Xero share price has continued its run and hit a new record high of $141.49. This latest gain means the cloud accounting platform provider’s shares have risen around 19% over the last 12 months. Goldman Sachs thinks this run can continue. Earlier this month, its analysts reiterated their conviction buy rating with an improved price target of $180.00.

And the rest

Other ASX 200 shares that are scaling new heights today and making their shareholders smile are retail giant JB Hi-Fi Ltd (ASX: JBH), insurance broker Steadfast Group Ltd (ASX: SDF), and enterprise technology provider TechnologyOne Ltd (ASX: TNE).

The post CBA and 7 other ASX 200 shares smashing new highs on Thursday appeared first on The Motley Fool Australia.

More reading

• Why is the Telix Pharmaceuticals share price rocketing 15% to a record high?
• Which ASX shares could soar if AI falls into a $500 billion hole?
• Goldman Sachs names 1 ASX 200 stock to buy and 2 to hold
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has positions in Technology One, Telix Pharmaceuticals, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, REA Group, Steadfast Group, Technology One, Telix Pharmaceuticals, and Xero. The Motley Fool Australia has positions in and has recommended Steadfast Group and Xero. The Motley Fool Australia has recommended Jb Hi-Fi, REA Group, Technology One, and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.