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If you’re interested in boosting your income with dividend shares, then you might want to look at the ones listed below.

Not only are they rated as buys, they are tipped to provide yields of greater than 4%. They are as follows:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

The first ASX dividend share to look at is ANZ. Thanks to favourable trading conditions, a booming housing market, cost reductions, and the relaxation of responsible lending rules, ANZ looks well-placed for growth in the coming years.

This certainly has been the case so far in FY 2021. During the first half of FY 2021, the company reported a statutory profit after tax of $2,943 million and cash earnings from continuing operations of $2,990 million. This was up 45% and 28%, respectively, on the second half of FY 2020.

Morgans is a big fan of ANZ. Its analysts currently have an add rating and $34.50 price target on its shares. They appear increasingly confident that ANZ will be able to deliver on its $8 billion cost base target.

The broker is forecasting fully franked dividends of 145 cents per share in FY 2021 and 163 cents per share in FY 2022. Based on the latest ANZ share price of $28.32, this represents yields of 5.1% and 5.7%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share to consider is Telstra. After years upon years of struggles, the tide is changing and growth could be on the horizon. This is thanks to its cost cutting, rational competition, and its leadership position with 5G. The latter is expected to support growth in the key postpaid mobile business.

In addition to this, the company is aiming ti unlock value through its corporate restructure and potential asset monetisation. In fact, Telstra has just announced an agreement to sell 50% of its InfraCo Towers business for $2.8 billion, with ~50% of net proceeds to be returned to shareholders.

Goldman Sachs is a fan of the telco giant and currently has a buy rating and $4.20 price target on its shares.

The broker is also forecasting fully franked annual dividends of 16 cents per share through to FY 2023, before an increase to 18 cents per share in FY 2024. Based on the latest Telstra share price of $3.79, this will mean attractive yields of approximately 4.2% over the coming years.

The post 2 blue chip ASX dividend shares with +4% yields appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best ASX telecom shares of the 2021 financial year
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• ASX blue chips set to unleash buybacks and dividends! But which is better?
• Brokers name 3 ASX shares to buy today
• Why the Cashrewards (ASX:CRW) share price jumped 17% today

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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX shares with small market capitalisations can sometimes appear to trade in a world of their own.

It seems there’s always a microcap out there striking gold or developing some tech that helps redefine the way we do business. And often when milestone developments such as these are announced to the market, it can result in the value of a company surging exponentially over a relatively short period of time.

On that note, with FY21 done and dusted, here’s a look at three ASX shares that managed to hit the coveted 10-bagger status over the course of the last 12 months.

These ASX shares went gangbusters last financial year

Podium Minerals Ltd (ASX: POD)

Podium Minerals is focused on developing its Parks Reef project, with plans of becoming Australia’s first Platinum Group Metal (PGM) producer.

PGMs are a family of six chemically similar elements, most valued for their wide range of industrial, medical and electronic applications.

According to the company’s May investor presentation, current inferred mineral resources include 1.39 million ounces of platinum, palladium and gold, as well as 53,900 tonnes of copper all within 100 metres of surface.

Podium Minerals is currently undergoing further drilling to accelerate its resource.

Recent exploration results have continued to show promise, with assay results released on 18 May resulting in a 21% spike in the Podium share price to 67 cents.

The company’s promising large-scale PGM asset, combined with its systematic drilling, saw investors flock to the company’s shares last financial year. The Podium Minerals share price began FY21 trading at a mere 2.3 cents and capped off the year at 51.5 cents for a whopping 2,139% gain over the 12-month period.

Looking ahead, Podium’s investor presentation advised it has commenced mine optimisation studies and preliminary economic analysis to drive its pathway to production.

Vulcan Energy Resources Ltd (ASX: VUL)

During the 2021 financial year, Vulcan Energy began to emerge as a household name in the ASX lithium sector.

The German-based lithium company aims to become the world’s first zero-carbon lithium producer for the electric vehicle industry.

According to Vulcan Energy’s project timeline, the company is targeting the completion of many production pre-requisites by early 2022. These include offtake agreements with European customers, a bankable feasibility study, further exploration and plant piloting.

If all goes to plan, Vulcan believes construction should commence in late 2022 with its first lithium production taking place by mid-2024.

The company’s zero-carbon ambitions, alongside the broader surge in ASX lithium shares, saw the Vulcan share price rally 1,245% from 56.5 cents to $7.70 in FY21.

IOUpay Ltd (ASX: IOU)

The IOUpay share price has been trending lower since February, from record highs of 85 cents to just 23.5 cents by 30 June.

However, shares in the South-East Asia-based buy now, pay later (BNPL) company came from humble beginnings of just 2 cents at the start of last financial year.

By the end of FY21, IOUpay shares had lifted a cool 1,075%.

IOUpay successfully completed a $50 million capital raising back in February 2020, paving the way to accelerate its opportunities in the BNPL sector in South-East Asia.

In February this year, the IOUpay share price staged a significant rally, surging from 17 cents on 5 February to an intraday high of 85 cents on 15 February.

The company’s agreement with EasyStore may have been among the catalysts for its strong showing in February.

While the IOUpay share price might have stalled in recent months, the company has continued to be on the lookout for opportunities to grow its presence in Asia.

More recently, IOUpay signed a Master Merchant Agreement with Razer Merchant Services on 15 June.

The post 3 ASX shares that hit 10-bagger status in financial year 2021 appeared first on The Motley Fool Australia.

More reading

• Here are the top 3 performing ASX BNPL shares of FY21 – and they’re not Afterpay
• These are the 5 best ASX mining and resource shares of FY21
• The Vulcan Energy (ASX:VUL) share price is rising today
• Up 1,169% in 1 year, why the IOUpay (ASX:IOU) share price is higher today
• The IOUpay (ASX:IOU) share price is up 4,000% in the past year

Motley Fool contributor Kerry Sun 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you don’t have sufficient funds to build a diverse portfolio, then exchange traded funds (ETFs) could be a quick way to fix this. This is because ETFs give investors access to a large number of shares through a single investment.

With that in mind, I have picked out three ETFs that trade on the ASX that could be good options. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

If you want to gain exposure to the growing Asian economy, then the BetaShares Asia Technology Tigers ETF could help you achieve it. This ETF gives investors a slice of a number of the most promising tech shares in the Asian market. This means you’ll be owning well-known companies such as ecommerce giant Alibaba, search engine company Baidu, online retail platform Pinduoduo, and WeChat owner Tencent.

The index the fund tracks has generated a return of 24.6% per annum over the last five years.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another ASX ETF to look at is the BetaShares Global Cybersecurity ETF. As it names implies, this ETF gives investors exposure to the leading companies in the global cybersecurity sector. This could be a great place to invest, given how demand for cybersecurity services continues to increase due to the growing threat of cyberattacks. Included in the ETF are quality companies such as Accenture, Cisco, Cloudflare, Crowdstrike, Fortinet, Okta, Splunk, and Zscaler.

Over the last five years, the index the BetaShares Global Cybersecurity ETF tracks has delivered a return of 20.1% per annum.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF for ASX investors to look at is the VanEck Vectors Video Gaming and eSports ETF. It gives investors exposure to the largest companies involved in video game development, hardware, and esports. This means you’ll be owning companies such as Activision Blizzard, AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck notes that these companies are well-placed to benefit from the increasing popularity of video games and eSports.

The index the VanEck Vectors Video Gaming and eSports ETF tracks has generated an average return of 33.6% per annum over the last five years.

The post 3 quality ETFs for ASX investors in July appeared first on The Motley Fool Australia.

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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. owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS and BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are a lot of growth shares out there for investors to choose from. To narrow things down, I have picked out two that analysts love.

Here’s why analysts rate these growth shares highly:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

This pizza chain operator has been growing at a consistently solid rate for over a decade. This has been driven by the popularity of its offering (who doesn’t like pizza?) and the ongoing expansion of its footprint.

That expansion saw the company’s store network reach 2,800 stores by the end of the first half of FY 2021. Pleasingly, it doesn’t expect to stop there and is aiming to double its presence in existing markets over the next decade.

In addition to this, the company has just announced its entry into Taiwan via the acquisition of Domino’s Taiwan. It sees opportunities to increase its network to 400+ stores in the country in the future.

A recent note reveals that Bell Potter currently has a buy rating and $122.00 price target on the company’s shares. It highlights that Domino’s still has significant capacity to make further acquisitions following the Domino’s Taiwan transaction.

Nitro Software Ltd (ASX: NTO)

Another ASX growth share to look at is Nitro. It is a global document productivity company helping businesses of all sizes eliminate paper, accelerate business processes, and drive digital transformation.

Nitro lets more than 11,000 businesses globally achieve this through its PDF productivity and eSigning solutions. This includes 68% of the Fortune 500 and three of the Fortune 10.

Demand for its offering continues to grow and is driving significant annualised recurring revenue (ARR) growth. For example, in FY 2020, the company reported a 64% increase in ARR to $27.7 million. And more of the same is expected in FY 2021, with management guiding to ARR of $39 million to $42 million. This will mean year on year growth of 41% to 51.6%.

Positively, this is still well short of a PDF document productivity and eSigning total addressable market (TAM) estimated to be worth $28 billion.

Helping it win further market share will be its recent acquisition of PDFpen. This gives Nitro access to the Apple ecosystem, which it previously did not have. And given how enterprise usage of iOS devices is forecast to increase from around 5% to 20% in the future, this bodes well for Nitro’s growth.

Morgan Stanley is positive on the company and last week retained its overweight rating and $3.70 price target on its shares.

The post 2 quality ASX growth shares that could be buys in July appeared first on The Motley Fool Australia.

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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 Dominos Pizza Enterprises Limited and Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX tech shares could be the right place to look for opportunities in July 2021.

Technology companies can have a strong margin if the operating model is very scalable. A lot of software products can be replicated for a very low cost to the company, but the ASX tech share can still charge its full price.

Here are two ASX tech shares to consider:

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

This is an exchange-traded fund (ETF). It’s invested in large and smaller businesses that provide exposure to businesses involved in the video gaming world.

There are some businesses in the portfolio that are purely known for video games like Nintendo, Activision Blizzard, Take Two Interactive, Electronic Arts and Ubisoft.

Then there are others that produce a certain amount of earnings from video gaming-related activities such as Nvidia, Advanced Micro Devices, Tencent and Sea.

The video gaming sector has achieved revenue growth of 12% per annum since 2015. E-sports revenue has grown by an average of 28% per annum since 2015.

Competitive video gaming’s audience is expected to reach 646 million people globally in 2023, driven in part by a rising population of digital natives, according to the Newzoo Global Esports Market Report.

VanEck shared a number of impressive facts about the video gaming industry. There are now more than 2.7 billion active gamers worldwide. The video game business is now larger than both the movie and music industries combined, making it a major industry in entertainment.

E-sports is considered the world’s fastest-growing sport. The top e-sports tournaments are drawing crowds rivalling the World Cup (soccer) and the Olympic Games.

This ASX tech share has an annual management fee of 0.55%.

Kogan.com Ltd (ASX: KGN)

Kogan is an e-commerce business that sells a lot of different things through its website like appliances, electronic devices, clothes, drones and sporting goods. Some of the other things sold through the website includes insurance, superannuation and credit cards. The Mighty Ape acquisition in New Zealand gave it international growth potential and diversification.

The Kogan share price has fallen 41% over the last six months, meaning the price is now substantially cheaper.

Kogan has been working through excess inventory that was built up in response to its very quick growth. It’s getting through that inventory by increasing promotional activity, which is leading to lower near-term gross margins and higher near-term marketing costs.

In FY21 it’s expecting to report adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between $58 million to $63 million.

But the ASX tech share’s leadership are confident about the future. Kogan said:

The board looks to the future with confidence as the business has invested in key strategic initiatives and has a strong level of in-demand inventory heading into the first half of FY22 while observing price inflation through global supply chains. The initiatives that the company has put in place to address the rapid scaling of a large e-commerce company are expected to drive continuous customer experience improvements in FY22.

According to Commsec, the Kogan share price is valued at 24x FY23’s estimated earnings.

The post 2 ASX tech shares that might be buys in July 2021 appeared first on The Motley Fool Australia.

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• Why AGL, Collins Foods, Kogan, & Nuix shares are tumbling lower
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ASX is home to hundreds of mining and resource companies but, arguably, the cream of the crop can be found on the S&P/ASX 200 Index (ASX: XJO).

But which led the pack in the 2021 financial year? Luckily, The Motley Fool has scoured the ASX 200 to bring you this list of FY21’s best performers.

So, without further ado, we bring you the top performing mining and resource shares of the financial year just been.

Top 5 ASX 200 mining and resource shares of FY21

Shareholders of these companies, get ready to rejoice.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price topped all ASX 200 mining and resource shares in the 2021 financial year – gaining an epic 480% in the process.

At the beginning of the financial year, Pilbara shares were trading at 25 cents apiece. By its end, they were swapping hands for $1.45.

The Pilbara share price rallied this year alongside global demand for lithium.

Pilbara Minerals claims to be the ASX’s leading pure-play lithium producer, with operations in Western Australia. The company also produces tantalum, which is generally used in alloys and as a filament because of its strength and high melting point.

The company has a market capitalisation of around $4.2 billion, with approximately 2.9 billion shares outstanding.

Lynas Rare Earths Ltd (ASX: LYC)

The financial year that’s just been was a crazy time for Lynas Rare Earths shares, but they pulled through to gain a whopping 200%.

The Lynas share price closed at $1.90 on 30 June 2020. Exactly 12 months later, it finished the day at $5.71.

Lynas is the globe’s second largest producer of rare earths, and the only major producer outside of China. It has assets in Western Australia and a processing plant in Malaysia.

The company has a market capitalisation of around $5.1 billion, with approximately 901 million shares outstanding.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price increased by almost 154% during the 2021 financial year.

The company’s shares started FY21 at $21.17. By its end, they had grown to trade for $53.73.

Mineral Resources produces iron ore and lithium, and its business is booming.

The company has a market cap of around $10.4 billion, with approximately 188 million shares outstanding.

Champion Iron Ltd (ASX: CIA)

Champion Iron shares gained an impressive 124% over the 12 months ended 30 June 2021.

The Champion share price started the financial year at $2.86 and, by the time the year was over, it was trading at $6.38.

There is likely no need to tell you that Champion Iron is, indeed, an iron ore miner. It has operations in Québec, as well as one in Canada’s Newfoundland and Labrador.

Champion was perfectly positioned to take advantage of record-high iron ore prices earlier this year, and it’s announced some pretty impressive results lately.

It has a market cap of around $3.3 billion, with approximately 506 million shares outstanding.

Oz Minerals Limited (ASX: OZL)

Last, but certainly not least, is Oz Minerals. After starting the financial year at $10.96, the Oz Minerals share price gained 98% to end it at $22.48.

Oz Minerals is the ASX’s only pure-play copper producer, and its recent strong performance, together with the increasing price of copper, saw it reach a 13-year high in February.

Unfortunately for shareholders, the Oz Minerals share price slipped 11% in June, crowning it as one of the ASX 200’s worst performers that month.

Oz Minerals has a market cap of around $7.3 billion, with approximately 332 million shares outstanding.

The post 5 best ASX 200 mining and resource shares of financial year 2021 appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best ASX telecom shares of the 2021 financial year
• These were the best performing ASX 200 shares last week
• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today

Motley Fool contributor Brooke Cooper 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With savings accounts and term deposits still offering very low interest rates, the share market arguably remains the best place to earn a passive income.

But which ASX dividend shares should you consider buying? Two to look closely at are listed below:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The Charter Hall Social Infrastructure REIT is a real estate investment trust focused on social infrastructure properties. These include properties such as childcare centres and government sites.

Demand has been very strong for its properties. So much so, at the end of the first half of FY 2021, the company had an occupancy rate of 99.7% and a weighted average lease expiry (WALE) of 14 years. A recent update reveals that its WALE has lengthened again following a series of renewals.

This underpinned solid earnings growth during the half, allowing the Charter Hall Social Infrastructure REIT board to increase its fully year distribution guidance to 15.7 cents per share for FY 2021.

Since then, it has reaffirmed this guidance and advised of plans to pay a special distribution of 4 cents per unit in FY 2021. This brings its full year distribution to 19.7 cents per unit.

Based on the current Charter Hall Social Infrastructure REIT share price, this will mean a yield of 5.4% for investors. Goldman Sachs currently has a buy rating and $3.60 price target on its shares, which is broadly where its shares trade today.

Transurban Group (ASX: TCL)

Another ASX dividend share for investors to look at is this leading toll road operator.

Transurban has a portfolio of 17 roads in Australia and four in North America. It also has a significant project pipeline across its networks that look set to underpin further growth in the coming years.

And while trading conditions are mixed at the moment due to the pandemic and putting pressure on distributions, it could be worth sticking with the company. Especially given how analysts believe that distributions will start to normalise again very soon.

Ord Minnett is positive on the company’s future. Its analysts currently have a buy rating and $16.00 price target on the company’s shares. This compares to the latest Transurban share price of $14.29.

As for dividends, Ord Minnett is forecasting dividends of 37 cents per share in FY 2021 and then 58 cents per share in FY 2022. This will mean yields of 2.7% and 4.1%, respectively, over the next two years.

The post 2 quality ASX dividend shares with very attractive yields appeared first on The Motley Fool Australia.

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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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX telecom shares put in a mixed performance over the 2021 financial year (FY21).

During the 12 months from 1 July 2020 through to 30 June 2021, the All Ordinaries Index (ASX: XAO) gained 25%.

Only the top 3 performing ASX telecom shares beat the All Ords returns in FY21. And 1 of those 3 companies wasn’t even listed on the exchange when the financial year kicked off.

With that said, and another financial year fading in the rear-view, here are the 5 best performing telecom shares for the year gone by.

Uniti Group Ltd (ASX: UWL)

By far the best performing ASX telecom share is S&P/ASX 200 Index (ASX: XJO) listed Uniti, with shares up 133% in FY21.

Based in South Australia, the internet and telecommunications company is involved in the construction of communications infrastructure, including mobile towers and fibre cables.

Uniti closed the financial year at $3.30 per share. With just under 677 million shares outstanding, Uniti has a market cap of $2.24 billion.

Aussie Broadband Ltd (ASX: ABB)

The second best performing ASX telecom share is Aussie Broadband, with a share price gain of 57% for the financial year just past.

Aussie Broadband is a newcomer to the ASX, having only listed on 16 October. Meaning it wasn’t trading during the first three and a half months of FY21. But having posted more than double the gains of our number 3 ASX telecom share, it’s earned its place in this list.

Active across Australia, the company provides national broadband (NBN) subscriptions to residential properties and businesses large and small.

Aussie Broadband closed on 30 June at $2.95 per share. With some 190 million shares outstanding, it has a market cap of $562 million.

Tuas Ltd (ASX: TUA)

Coming in at number 3 is Tuas, with a financial year share price gain of 27%.

Tuas was incorporated in March 2020 as part of the TPG Telecom Ltd (ASX: TPG) group of companies. Tuas listed on the ASX on 30 June 2020, 1 day before FY21 kicked off.

Tuas finished off FY21 with a share price of 65 cents per share. With roughly 464 million shares outstanding, it has a market cap of $299 million.

Macquarie Telecom Group Ltd. (ASX: MAQ)

With a share price gain of 16%, Macquarie Telecom is the fourth best performing ASX telecom share in FY21.

The company listed on the ASX on 27 September 1999 and operates through 2 segments, telecom and hosting.

Macquarie Telecom closed at $52.91 per share on 30 June, giving it a market cap of $1.14 billion. The company pays a 1.1% dividend yield, fully franked.

Telstra Corp Ltd (ASX: TLS)

Rounding off our list of best performing ASX telecom shares at number 5 is industry powerhouse Telstra, with a share price gain of 13% in FY21.

Telstra is Australia’s largest and longest-running provider of telecommunications and information products and services. It’s also active internationally, with a presence in 20 countries across the globe. With a market cap of $44.72 billion, it’s one of the largest companies on the ASX.

Telstra finished the year at $3.76 per share. It pays an annual dividend yield of 2.8%, fully franked.

The post Here are the 5 best ASX telecom shares of the 2021 financial year appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today
• ASX blue chips set to unleash buybacks and dividends! But which is better?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Aussie Broadband Limited. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Thanks to a strong finish on Friday, the S&P/ASX 200 Index (ASX: XJO) was able to push ever so slightly higher last week to end at 7,308.6 points.

A number of ASX 200 shares recorded notably stronger gains over the period. Here’s why these were the best performers on the index:

IDP Education Ltd (ASX: IEL)

The IDP Education share price was the best performer on the ASX 200 last week with a gain of 17.8%. All of this gain occurred on Friday in response to the announcement of a major new acquisition. The language testing and student placement company is acquiring 100% of the British Council’s Indian International English Language Testing System operations for 130 million pounds (A$240 million). The deal will mean that IDP Education is the sole distributor of IELTS in the massive Indian market.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price was some way behind as the next best performer with a 9.5% gain. This appears to have been driven by a bullish broker note from a week earlier. Thanks to rising commodity prices, Macquarie has put an outperform rating and $73.00 price target on the company’s shares. It likes the company due to its exposure to both iron ore and lithium. The Mineral Resources share price ended the week at $55.54.

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price wasn’t far behind with an 8.1% gain over the five days. This was despite there being no news out of the retail giant. However, investors may believe the recent outbreak of COVID-19 across several Australian states could be another boost to sales like this time last year.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price was a solid performer, rising 5.8% over the week. Once again, this was despite there being no news out of the biopharmaceutical company. Though, the company recently announced that its afamelanotide drug has been administered to a first patient diagnosed with an acute arterial ischaemic stroke (AIS). This patient was enrolled in a world’s first clinical trial (CUV801) after suffering an acute stroke and being admitted to a specialist neurological hospital in Australia to receive treatment. Investors may be optimistic that the result from this trial will be positive.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today
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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. owns shares of and has recommended Idp Education Pty Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) had a mixed five days last week. But thanks to a strong finish, the benchmark index was able to record a very small weekly gain to end at 7,308.6 points.

Unfortunately, not all ASX 200 shares were able to push higher with the market. Here’s why these were the worst performers on the index:

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price was the worst performer on the ASX 200 with a 13.1% decline. The quick service restaurant operator’s shares actually stormed to a record high following the release of its full year results, before starting to sink. This may have been driven by a couple of broker downgrades. Largely on valuation grounds, UBS and Morgans downgraded the company’s shares to neutral/hold ratings.

AGL Energy Limited (ASX: AGL)

The AGL share price wasn’t far behind and sank 10% over the five days. Investors were selling the energy company’s shares following the release of an update on its demerger plans. AGL Energy is planning to become Accel Energy, an electricity generation business focused on the accelerating energy transition. It will then demerge a new entity, AGL Australia, which will be a multi-product energy-led retailing and flexible energy trading, storage and supply business. In order to conserve cash, Australia’s biggest polluter decided to terminate its special dividend program. It also warned of earnings declines in FY 2022.

Bega Cheese Ltd (ASX: BGA)

The Bega share price was out of form and dropped 9.7% last week. This was despite there being no news out of the diversified food company. In fact, not even a positive broker note out of Bell Potter could stop its shares from sinking. Bell Potter is a fan of its recent acquisition of Lion Dairy and Drinks. It has a buy rating and $7.35 price target on its shares.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price was a poor performer and tumbled 9.6% over the period. Once again, this was despite there being no news out of the sports betting company. Though, it is worth noting that rival BlueBet Holdings (ASX: BBT) completed its IPO on Friday. This could potentially mean that some investors sold out of PointsBet to take a position in BlueBet. The BlueBet share price rocketed higher following its listing.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Collins Foods Limited and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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