Insights

These were the best performing ASX 200 shares last week

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

The S&P/ASX 200 Index (ASX: XJO) was out of form last week and ended the period 35.3 points or 0.5% lower at 7,273.3 points.

Although a good number of shares dropped lower with the market, some managed to defy the odds and push higher. Here’s why these were the best performing ASX 200 shares over the five days:

Sydney Airport Holdings Pty Ltd (ASX: SYD)

The Sydney Airport share price was the best performer on the ASX 200 last week with a 33% gain. The airport operator’s shares took off early in the week after it received an $8.25 cash per share takeover offer from a consortium of infrastructure investors. This offer represents a 42% premium to its last close price at the time. Sydney Airport continues to assess the offer but notes that it has been made during a global pandemic, which has deeply affected the aviation industry and the Sydney Airport share price.

Resolute Mining Limited (ASX: RSG)

The Resolute Mining share price was some way behind as the next best performer with a gain of 13.9%. This was despite there being no news out of the gold miner and it being a reasonably subdued week for the rest of the gold industry. Though, with its shares down by around 50% since this time last year, some investors may believe they were in the bargain bin.

Perenti Global Ltd (ASX: PRN)

The Perenti Global share price was on form and charged 13.2% higher last week. This follows a couple of positive announcements last week from the engineering company. One of those was that its Barminco business has finalised a $280 million four-year contract with Panoramic Resources Limited (ASX: PAN). The contract is for development and production works at the Savannah Nickel Project in the Kimberley region of Western Australia.

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price was back on form and jumped 10.4% over the five days. Last week the New Zealand Overseas Investment Office issued its consent to the infant formula company’s proposed acquisition of a 75% interest in Mataura Valley Milk. Management expects the acquisition of the dairy nutrition business to provide A2 Milk with the opportunity to participate in nutritional products manufacturing and give it supplier and geographic diversification. It also expects the deal to strengthen its relationship with key partners in China.

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 more than eight 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 May 24th 2021

More reading

These 3 ASX 200 shares were the most heavily traded today

ASX 200 drops, Audinate booms, Humm falls

The ASX shares with the most to lose from a delayed COVID reopening

Here’s why the Perenti (ASX:PRN) share price is travelling higher today
Why A2 Milk and Bega shares are looking so tasty now: analyst

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 A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!