3 FTSE Shares Hitting New Highs

Published in Investing on 18 December 2012

ASOS (LSE: ASC) and Dixons (LSE: DXNS) lead the retail cheer.

Optimism is once again rising, with hopes that the FTSE 100 (UKX) will finally beat its 52-week high of 5,989 points, and perhaps even breach the 6,000 level that it hasn't seen since April 2011. Today it's up 19 points to 5,931, on positive sentiment towards the US "fiscal cliff" negotiations.

A number of individual UK companies are achieving record share prices, too. Here are three trading close to their 52-week peaks:

ASOS

Online fashion giant ASOS (LSE: ASC) hit a new 12-month record close yesterday, of 2,619p, falling a little to 2,582p at the time of writing. The share price has been on the up since early November, with the company's 11 December trading update -- which told us that sales in the quarter rose by 30% -- adding an extra boost.

The shares have now more than doubled this year, exceeding the levels set around the middle of 2011.

Dixons

Dixons Retail (LSE: DXNS) is still powering up, having hit yet another 52-week high today, of 28.4p. The share price has almost trebled over the past 12 months, bringing a nice bit of pre-Christmas cheer to shareholders who, a year ago, could be forgiven for having given up hope.

Dixons has done a pretty good job of the turnaround -- what we want next is sufficient progress to bring us a return of decent dividend payments.

Reckitt Benckiser

A £28 billion FTSE 100 behemoth like consumer brand maestro Reckitt Benckiser (LSE: RB) (NASDAQOTH: RBGPY.US) is perhaps not the kind of company whose shares we'd normally expect to see galloping up by 28% over a year. But that's precisely what happened between the price's 52-week low of almost exactly a year ago and its highest close of 3,987p on 10 December.

It has fallen back a little in the subsequent days, but it's heading back up again today, having put on 15p to 3,934p.

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> Alan does not own any shares mentioned in this article.

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