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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. –

It certainly was a very positive week for the S&P/ASX 200 Index (ASX: XJO). The benchmark index jumped 1.9% to end the period at 7,320.1 points.

While a good number of shares rose with the market, some climbed more than most. Here’s why these were the best performers on the ASX 200 last week:

Perenti Global Ltd (ASX: PRN)

The Perenti share price was the best performer on the ASX 200 with a 15.2% gain over the five days. A good portion of this came on the final day of the week following the mining services company’s annual general meeting. At the meeting management spoke positively about the future, noting that investments have been made to support its sustainable growth.

Westgold Resources Ltd (ASX: WGX)

The Westgold Resources share price wasn’t too far behind with a gain of 11.6%. Last week the gold miner revealed that it has received significant incoming positive engagement from shareholders of Gascoyne Resources Limited (ASX: GCY) regarding its takeover approach from a week earlier. As a result, it is planning to push ahead with an offer. It has also encouraged Gascoyne shareholders to “demand that its Board act in the best interests of Gascoyne shareholders and be provided the opportunity to consider and accept the Westgold Offer.”

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price was a strong performer and jumped 10% last week. The catalyst for this was news that the quick service restaurant operator has signed an agreement with KFC Europe. According to the release, Collins Foods will become KFC’s corporate franchisee in the Netherlands. This means Collins Foods has the rights to develop, manage, and operate the KFC business in the country. The agreement provides a framework for the development of up to 130 new KFC restaurants over a 10-year period.

NRW Holdings Limited (ASX: NWH)

The NRW share price was on form and charged 10% higher over the five days. This was despite there being no news out of the mining services company last week. Though, it is worth noting that last month the team at Macquarie retained their outperform rating and $2.20 price target on its shares. This is notably higher than where the NRW share price trades currently.

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

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More reading

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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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Collins Foods 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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