The S&P/ASX 200 Index (ASX: XJO) is having a decent day, but these ASX 200 shares are having a better one. Theyâve each soared to their highest points in years. Or even, ever.
Right now, the ASX 200 has lifted 0.13%. Meanwhile, two stocks that call the index home are leaping as much as 11%.
So, whatâs sending them sky-high on Thursday? Keep reading to find out.
ASX 200 shares trading at long-forgotten highs
Thereâs big news driving the share price of ASX 200 travel giant Webjet Limited (ASX: WEB) today.
The company has officially returned to profitability following the disastrous impact of the COVID-19 pandemic.
The online travel agent posted its earnings for the first half of financial year 2023 this morning, detailing a $32 million underlying profit â up from a $29.2 million loss.
The companyâs revenue also lifted 217% to $175.7 million, while its bookings were up 137% to 3.4 billion. However, it hasnât returned to paying dividends yet.
The results sent the Webjet share price soaring to a new post-pandemic high of $6.24 earlier today. That marks an 11% gain on its previous close.
The ASX 200 travel share has since dropped slightly to trade at $6.08, 8.2% higher, at the time of writing.
Itâs joined in the green today by shares in ASX 200 jewellery retailer Lovisa Holdings Ltd (ASX: LOV).
They hit a high of $25.80 earlier today â a 3.7% gain Ââ despite no news having been released by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) stock. That marked a new all-time high for the retailerâs shares.
At the time of writing, the Lovisa share price has slipped slightly to trade at $25.39, a 2% gain.
Interestingly, thereâs been no price-sensitive news from the retailer in more than two months.
Though, its stock has gained 27% since the start of 2022 â outperforming the ASX 200 by 33% in that time.
The post Why did these ASX 200 shares just crack new, multi-year highs? appeared first on The Motley Fool Australia.
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More reading
- Webjet share price jumps 10% on ‘spectacular turnaround’
- Guess which ASX 200 lithium director just snapped up $250,000 worth of their companyâs shares
- Buy these ASX 200 shares now before the market wakes up: fund manager
- 5 things to watch on the ASX 200 on Thursday
- 3 ASX mining shares on ice today pending big news
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 positions in and has recommended Lovisa Holdings Ltd. The Motley Fool Australia has recommended Lovisa Holdings Ltd and Webjet Ltd. 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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