ASX 200 shares enjoyed a bumper performance last week as the S&P/ASX 200 Index (ASX: XJO) jumped 4.71% higher. There’s growing optimism about the global economy in 2020 and investors have been pouring money into shares.
Last week I was watching CSL Limited (ASX: CSL), A2 Milk Company Ltd (ASX: A2M) and Stockland Corporation Ltd (ASX: SGP).
It was a tough week for CSL shareholders as the biotech giant’s shares slumped 5.06% to $276.22. A2 Milk shares edged 0.85% higher last week while the Stockland share price surged 16.29% higher by Friday’s close.
After a big week for last week’s top picks, here are the 3 ASX 200 shares I’ll be keeping my eye on in the week ahead.
3 ASX 200 shares to watch this week
I think Bendigo and Adelaide Bank Ltd (ASX: BEN) shares are worth watching this week. The ASX 200 bank’s share price rocketed 10.41% last week after the company provided an update on COVID-19 impacts on Thursday. Bendigo reported a strong capital position, despite the pandemic, which looks to have boosted investors’ optimism. I think any share that rockets higher is worth watching to see if it continues to climb and outperform its peers or slump back to earth.
Flight Centre Travel Group Ltd (ASX: FLT) shares are also on my weekly watch list. The ASX 200 travel share rocketed 15.85% higher and could be climbing even further this week. Travel restrictions continue to ease which is good news for Flight Centre’s earnings. If the good news continues here in Australia, I think the Flight Centre share price could be heading higher in 2020.
Finally, the St Barbara Ltd (ASX: SBM) share price is one to watch this week. The Aussie gold miner’s shares fell 1.29% last week as many of its ASX 200 peers rocketed. Gold tends to underperform when investors are bullish which was the case last week. Despite some optimism about the current environment, however, I think there could be more volatility on the way. This could bode well for St Barbara and its gold mining compatriots.
If St Barbara isn’t the share for you right now, check out these 5 ASX shares to help build your wealth in 2020!
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More reading
- 3 top ASX dividend shares to buy now
- Is the Woolworths share price cheap today?
- 5 ASX 200 winners and 3 losers from last week
- Why ASX iron ore miners may outperform this morning
- ASX 200 Weekly Wrap: Surging bank shares push ASX toward 6,000
Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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