The S&P/ASX 200 Index (ASX: XJO) is having another positive session on Thursday. In afternoon trade, the benchmark index is up 1.1% to 8,510.1 points.
This has seen a large number of ASX 200 shares charge higher with the market.
Some of these shares have even climbed to new 52-week highs (or better) during today's session. Let's take a look at a selection that are scaling new heights this afternoon:
The Codan share price has hit a 52-week high of $17.14. With the gold price at a record high, investors appear to be betting on this metal detection technology company experiencing very strong demand for its industry-leading products.
The NAB share price has climbed to an 18-year high of $40.48 on Thursday. This latest gain means that the big four bank is now up 26% since this time last year.
The News Corporation share price has hit a record high of $56.21. This follows the release of the media giant's second quarter update this morning. News Corp reported a 5% increase in revenue to US$2.24 billion and a 58% jump in net income from continuing operations jumping to US$306 million. This reflects growth across Digital Real Estate, Dow Jones, and Book Publishing, as well as rigorous cost discipline.
The Qantas share price has continued its ascent and reached a record high of $9.64. Investors have been fighting to get hold of the airline operator's shares over the past 12 months on the belief that they were seriously undervalued.
The TechnologyOne share price has hit a new record high of $32.31. This means that this high-flying enterprise technology company's shares are now up over 100% since this time last year.
The Xero share price has reached a new record high of $186.30 on Thursday. This is another high-flying tech stock that has made its shareholders smile over the past 12 months. During this time, the cloud accounting platform provider's shares have delivered a return of over 70%.
A number of ASX 200 gold shares have been hitting 52-week highs today thanks to the booming gold price. This includes Capricorn Metals Ltd (ASX: CMM), De Grey Mining Limited (ASX: DEG), Evolution Mining Ltd (ASX: EVN), Gold Road Resources Ltd (ASX: GOR), and Regis Resources Ltd (ASX: RRL).
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