Insights

These were the best performing ASX 200 shares last week

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

It certainly was a week to forget for the S&P/ASX 200 Index (ASX: XJO). A major selloff on Friday led to the benchmark index dropping 2.9% over the period to 7,175.8 points.

Fortunately, some shares were able to avoid the selloff and record gains last week. Here’s why these were the best performers on the ASX 200:

HUB24 Ltd (ASX: HUB)

The HUB24 share price was the best performer on the ASX 200 last week with a 7.9% gain. Investors were buying the investment platform provider’s shares following the release of its second quarter update. According to the release, HUB24 achieved record second quarter platform net inflows of $3.6 billion. This led to an increase in its total funds under administration (FUA) to $68.3 billion, which is up 118% compared to the prior corresponding period. HUB24’s strong quarter was driven by a combination of organic growth and flows from the Xplore acquisition.

Silver Lake Resources Limited (ASX: SLR)

The Silver Lake share price wasn’t far behind with a 6.6% gain over the five days. Investors were fighting to get hold of gold miners following a rise in the precious metal and demand for safe haven assets. Fellow gold miners Westgold Resources Ltd (ASX: WGX) and Gold Road Resources Ltd (ASX: GOR) recorded similar gains during the week.

JB Hi-Fi Limited (ASX: JBH)

The JB Hi-Fi share price was on form and charged 5.8% over the period. This follows the release of a better than expected trading update from the retail giant. JB Hi-Fi recorded modest sales growth during the second quarter, which led to sales falling just 1.6% during the first half despite cycling a very strong prior period. On the bottom line, its first half net profit of $287.9 million was down 9.4% year on year but 12.4% ahead of the consensus estimate.

Worley Ltd (ASX: WOR)

The Worley share price was the next best non-gold miner with a gain of 3.9%. This was despite there being no news out of engineering company. Though, a recent note out of UBS reveals that its analysts believe the company’s shares are great value. They have a buy rating and $13.20 price target on Worley’s shares.

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 over ten 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 January 12th 2022

More reading

These were the worst performing ASX 200 shares last week

Does the NAB (ASX:NAB) share price make it the best value bank right now?

2 cheap ASX 200 shares rated as top buys

These 3 ASX retail shares have grossed-up dividend yields over 8% right now

ASX 200 (ASX:XJO) midday update: Whitehaven sinks, BHP to unify

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 and has recommended Hub24 Ltd. The Motley Fool Australia has recommended Hub24 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.

  • This field is for validation purposes and should be left unchanged.

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 - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!