With only a few hours of trade left before Friday’s closing bell, the S&P/ASX 200 Index (ASX: XJO) is down 0.4% for the week, despite the best lifting efforts of these three ASX 200 stocks.
All three of the outperforming stocks on my list for the week have strong technology links. And all three are up more than 20% for the week.
Which fast-rising ASX 200 shares am I talking about?
Read on!
WiseTech Global Ltd (ASX: WTC) shares join tech rally
WiseTech Global shares are setting the bar high this week.
Shares in the logistics software solutions company closed last Friday trading for $37.63. At the time of writing, shares are swapping hands for $46.50.
That sees this ASX 200 stock up 23.6% in this week’s slumping market.
There’s no price-sensitive news out from WiseTech this week. But ASX tech stocks have broadly outperformed this week, as witnessed by the 9.8% weekly gain in the S&P/ASX All Technology Index (ASX: XTX).
This broader outperformance comes amid hopes of successful negotiations in the Iran war. An end to the conflict would ease global inflationary pressures and the resultant pressures for central banks to boost interest rates. And tech stocks like WiseTech have proven to be sensitive to rate increases.
Moving onâ¦
ASX 200 stock Megaport Ltd (ASX: MP1) rebounds from lows
The second ASX share screaming higher in this week’s sinking market is Megaport.
Shares in the network-as-a-service solutions provider closed last week trading for $6.71 and are currently changing hands for $8.53 each. That sees this ASX 200 stock up 27.1% for the week.
There’s also no fresh price-sensitive news out from Megaport this week. Like WiseTech, the stock looks to be benefiting from broader improved investor sentiment in the tech sector. And with Megaport shares trading at a multi-year closing low last Friday, investors look to have been bargain hunting.
Zip Co Ltd (ASX: ZIP) shares rocket on Q3 results
The fastest rising stock on my list for the week is Zip.
Shares in the buy now, pay later (BNPL) company closed last Friday trading for $1.85. At the time of writing, shares are trading for $2.37 each, putting this ASX 200 stock up a whopping 28.1% over the week.
A lot of those gains are being delivered today.
Zip shares are up 15.4% in afternoon trade following the release of the company’s third-quarter (Q3 FY 2026) results.
Investors are piling into Zip shares today, with the BNPL stock reporting a 22.4% year-on-year increase in total transaction volume (TTV), which reached $4 billion.
And Zip achieved all-time high quarterly earnings, with earnings before tax, depreciation and amortisation (EBTDA) of $65.1 million, up 41.5% from Q3 FY 2026.
Zip also upgraded its full-year FY 2026 cash EBTDA guidance to no less than $260 million.
The post 3 ASX 200 stocks leaping higher in this week’s slumping market appeared first on The Motley Fool Australia.
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More reading
- Shares in this $1.4 billion ASX data centre company could jump by 72% Citi says
- Why Eden Innovation, Elsight, Paladin Energy, and Zip shares are racing higher today
- Why Paladin Energy, Alcoa and Zip shares are making headlines on Friday
- Why are Zip shares rocketing 24% today?
- Zip Co posts record cash EBTDA and upgrades FY26 guidance
Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.