Insights

These were the best performing ASX 200 shares last week

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

Last week was a good one for the S&P/ASX 200 Index (ASX: XJO). The benchmark index climbed 53.5 points or 0.7% to end the period at 7,415.5 points.

While a good number of shares pushed higher, some climbed more than most. Here’s why these were the best performing ASX 200 shares last week:

Nuix Ltd (ASX: NXL)

The Nuix share price was the best performer on the ASX 200 last week with an 18.2% gain. Strangely, the majority of these gains were made during the first four days of the week on no news, with only a small portion coming on Friday after the release of a major announcement. That announcement revealed the appointment of Jonathan Rubinsztein as the investigative analytics and intelligence software provider’s new CEO and Executive Director. Mr Rubinsztein recently resigned as the CEO of auto parts software company Infomedia Limited (ASX: IFM).

Appen Ltd (ASX: APX)

The Appen share price was the next best performer with a gain of 13.1% last week. This was despite there being no news out of the artificial intelligence services provider. Though, it is worth noting that a week earlier Citi retained its buy rating and lofty $17.00 price target on the company’s shares. The Appen share price ended the week notably lower than this price target at $10.91 despite its strong gain.

Nearmap Ltd (ASX: NEA)

The Nearmap share price wasn’t far behind with a gain of 11.4% over the five days. Once again, this was despite there being no news out of the aerial imagery technology and location data company. The Nearmap share price has now broken into positive territory year to date following last week’s gain.

Perpetual Limited (ASX: PPT)

The Perpetual share price was a strong performer last week and rose 10.5% over the period. Investors were buying the fund manager’s shares following the release of a decent quarterly update. Perpetual revealed that its total assets under management ended the first quarter at $101.0 billion, up 2.7% since the end of June. Morgans responded to the update by retaining its add rating and lifting its price target to $45.07.

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 August 16th 2021

More reading

These were the worst performing ASX 200 shares last week

Here are the top 10 ASX shares today

These 3 ASX 200 shares are topping the volume charts this Friday

Why Aussie Broadband, Core Lithium, Cardno, and Nuix are storming higher

ASX 200 (ASX:XJO) midday update: BHP and Rio Tinto fall, Qantas higher

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 Appen Ltd and Nearmap Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia owns shares of and has recommended Appen Ltd and Nearmap Ltd. 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!