4 ASX 200 shares celebrating Friday with new, 52-week highs

An excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices todayAn excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices today

The S&P/ASX 200 Index (ASX: XJO) is on a roll today, and so are four shares that call it home.

They’ve each shot up to reach new 52-week highs on Friday.

Right now, the ASX 200 is up 0.89%, trading at 7,345 points.

Let’s take a look at some of its constituents making the most of their day in the green.

Which ASX 200 shares have hit long-forgotten highs today?

The first ASX 200 share posting a new 52-week high today is also the market’s biggest participant, BHP Group Ltd (ASX: BHP).

The ASX 200 mining giant soared to $49.92 earlier today – a new record high and a 1.1% increase on its previous closing price.

Its gains came amid a good session for the S&P/ASX 200 Materials Index (ASX: XMJ). The sector is up 0.65% right now amid Goldman Sachs’ broadly bullish outlook for the sector.

BHP shares are joined in the green by Northern Star Resources Ltd (ASX: NST) stock.

The ASX 200 gold producer’s share price launched 2.6% earlier today to a near-two-year-high of $12.32.

It came after gold futures hit their highest point since May 2022, reaching US$1,898.80 an ounce overnight.

Soaring to join the miners at a new 52-week high is Aussie icon Qantas Airways Limited (ASX: QAN).

The Qantas share price took off this morning, climbing 1.6% to $6.52. That leaves the ASX 200 airline share nearly on par with where it was in February 2020 – arguably a milestone in the company’s pandemic recovery.

It’s also the third consecutive day in which the stock surpassed its previous 12-month high.

Also posting a third consecutive 52-week high is fellow ASX 200 travel share Webjet Limited (ASX: WEB).

Shares in the online travel agent leapt 1.5% to peak at $6.69 this morning.

Though, that’s still 32% lower than it was before the onset of the pandemic.

The post 4 ASX 200 shares celebrating Friday with new, 52-week highs 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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