Despite a disappointing end to the week, the S&P/ASX 200 Index (ASX: XJO) was able to record a strong gain last week. The benchmark index rose 1.4% to end the period at 7,217.3 points.
While a good number of shares climbed higher with the market, some rose more than most. Here’s why these were the best performing ASX 200 shares:
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price was the best performer on the ASX 200 last week with an 18.6% gain. Investors were buying the travel agent’s shares amid optimism that the reopening of Australia’s international borders will be a boost to its performance. For the same reason, the Webjet Ltd (ASX: WEB) share price rose 17.5% and the Corporate Travel Management Ltd (ASX: CTD) share price jumped 12.9% last week.
Computershare Limited (ASX: CPU)
The Computershare share price was on form last week and stormed 11.1% higher. Investors were buying the stock transfer company’s shares after its first half update impressed the market. Computershare delivered a 4.6% increase in management revenue to US$1.2 billion and a 4.5% lift in management earnings per share to 22.76 US cents. This was ahead of even the company’s expectations, which led to management upgrading its full year earnings per share growth guidance from 2% to 9%.
Viva Energy Group Ltd (ASX: VEA)
The Viva Energy share price wasn’t far behind with a 10.9% gain. This was despite there being no news out of the fuel retailer. Investors may have been buying shares ahead of its full year results release this month. Management expects to report a profit in the range of $470 million and $490 million. The mid-point of this guidance range represents a 96% year on year increase.
Graincorp Ltd (ASX: GNC)
The Graincorp share price was a strong performer and climbed 8.9% over the five days. This was driven by the release of a trading update from the grain exporter. According to the release, GrainCorp expects its underlying net profit after tax to come in at $235 million to $280 million in FY 2022. This will be up 69% to 100% over the $139 million it reported in FY 2021.
The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- These were the worst performing ASX 200 shares last week
- Here are the top 10 ASX shares today
- Here are the 3 most heavily traded ASX 200 shares this Friday
- ASX 200 (ASX:XJO) midday update: IAG upgrades guidance, Magellan sinks again
- 5 things to watch on the ASX 200 on Friday
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/tAMs6aQ
Leave a Reply