These 7 ASX 200 shares just hit new 52-week highs

MotleyFool
12 Feb

Despite an early morning dip upon market open, it's looking like this Wednesday will be a positive one for the S&P/ASX 200 Index (ASX: XJO) and many ASX 200 shares (touch wood).

At the time of writing, the ASX 200 has added 0.11% to its value, pushing the index back up to over 8,500 points.

But some ASX 200 shares are doing even better than that today. So, let's discuss the seven stocks on the index that have just hit new 52-week highs this session.

Seven ASX 200 shares at new 52-week highs this Friday

Here are the seven ASX 200 shares that have just clocked new 52-week high watermarks:

ASX 200 stock
New 52-week high* Current
share price*
Current gain
for day*

Commonwealth Bank of Australia (ASX: CBA)

$165.37 $164.69 1.56%

National Australia Bank Ltd (ASX: NAB)

$41.10 $40.97 1.34%

Westpac Banking Corp (ASX: WBC)

$34.74 $34.64 1.11%

Suncorp Group Ltd (ASX: SUN)

$21.50 $20.58 1.18%

SGH Ltd (ASX: SGH)

$53.73 $52.32 1.30%

Computershare Ltd (ASX: CPU)

$41.30 $40.54 12.74%

Evolution Mining Ltd (ASX: EVN)

$6.36 $6.31 1.45%

*at the time of writing

What can we learn from these new 52-week highs?

Well, the big catalyst behind many of these ASX 200 shares' new highs today is the fresh earnings report that the Commonwealth Bank of Australia dropped this morning. CBA's earnings report is one of the first major reports of this reporting season and often functions as a 'mood-setter' for the entire season.

As we covered this morning, CBA's earnings were objectively solid. The ASX 200 bank share reported a 3% rise in operating income for the six months to 31 December to $14.1 billion, as well as a 2% uptick in cash net profits after tax to $5.13 billion. Earnings per share (EPS) was $3.07, a rise of 2.3%.

That enabled CBA to declare a 2025 interim dividend of $2.25 per share (fully franked), a 5% rise on last year's interim payout.

Investors initially seemed disappointed with these results, given that the CBA share price dipped 1.5% at one point this morning. But investors seem to have reassessed, with the bank now up 1.6% after hitting its new 52-week high.

Considering how influential the CBA share price is amongst its peers in the ASX 200 financial shares sector, this gain is likely also helping NAB, Westpac, and perhaps even Suncorp to their own new 52-week highs today.

Meanwhile, Computershare stock is jumping higher after the company dropped its own earnings report. We covered that today as well, but in a nutshell, revenues, dividends and earnings per share (EPS) all rose, the latter by 18.7% year-on-year.

SGH released its own earnings report yesterday, which investors also seemed to love. Meanwhile, ASX 200 gold mining share Evolution is minting a new 52-week high following gold going on its own record-breaking run this week.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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