8 ASX 200 Stocks Hitting New 52-Week Highs on Friday.

2 min read | July 21, 2023 07:05 AM AEST | By Team Kalkine Media

The ASX 200 Index (ASX:XJO) and ASX 200 stocks experienced a promising start this Thursday but settled into a lackluster session, with the index up by just 0.04% at the time of writing, despite rising as much as 0.8% earlier in the day. However, amid this session, several ASX 200 stocks reached new 52-week highs, showcasing notable performances.

Among the top performers were the ASX 200 tech stocks Xero Limited (ASX:XRO) and WiseTech Global Ltd (ASX: WTC), both former members of the WAAAX club of ASX growth stocks. WiseTech shares surged to a new high of $82.87 each before cooling off slightly but still maintaining a significant gain of 0.56% for the day. The WiseTech share price has seen an impressive year-to-date increase of 66.7%.

Xero shares also hit a new high of $127.68, achieving a gain of 0.31% and positioning the cloud-based accounting software provider with a remarkable year-to-date gain of 81.4%.

Moving to the ASX 200 property and classifieds sector, REA Group Ltd (ASX: REA), the owner of realestate.com.au, spiked early in the morning to reach a new high of $152.32 per share. Currently, the shares are trading at $150.26, resulting in a year-to-date gain of 38.4%.

James Hardie Industries plc (ASX: JHX), a building materials company, also marked a new 52-week high at $41.10 per share. Presently, James Hardie shares are up 0.69% at $40.79, boasting a year-to-date increase of 56.4%.

In the ASX tech sector, software company Megaport Ltd (ASX: MP1) saw its shares rise to a new high of $10.22 and currently maintains a gain of 1.9% at $9.94. Megaport shares have surged nearly 50% since July 10 and are up 63% year-to-date.

ASX banking and financial share Suncorp Group Ltd (ASX:SUN) reached a new 52-week high of $14.02, with shares currently up 0.43% at $13.89, reflecting a year-to-date performance of approximately 17.5%.

ASX 200 engineering share Worley Ltd (ASX:WOR) also reached its new 52-week high early in the day at $17.17, but is now down 0.47% at $16.90. Nonetheless, the share remains up 14.3% year-to-date.

Lastly, ASX 200 energy generator and retailer Origin Energy Ltd (ASX:ORG) witnessed its shares climb to a new 52-week high of $8.69 early in the morning. Presently, the shares are down 0.12% at $8.63, reflecting a year-to-date gain of 13.7%.

Overall, while the session may have settled into a more subdued tone, these ASX 200 stocks have shown impressive growth and are worth monitoring for their continued market performance.


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