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. –
The S&P/ASX 200 Index (ASX: XJO) returned to form last week and recorded its first weekly gain of the month. The benchmark index climbed 1.1% to end the period at 7,145.6 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:
Chalice Mining Ltd (ASX: CHN)
The Chalice Mining share price was the best performer on the ASX 200 last week with a 27.5% gain. The majority of this gain came on Friday when the mineral exploration company received the final outstanding approvals to undertake low-impact exploration drilling at the Hartog-Dampier targets at the Julimar Nickel-Copper-PGE Project. These targets are located to the north of the globally significant Gonneville PGE-Ni-Cu-Co-Au deposit.
Allkem Ltd (ASX: AKE)
The Allkem share price was some way behind with a 17.6% gain over the five days. This was driven by a rebound in risk assets following recent weakness. And as lithium shares had been heavily sold off over the last four weeks, they bounced back stronger than most. For the same reason, the Pilbara Minerals Ltd (ASX: PLS) share price rose 15.4% last week.
Nickel Mines Ltd (ASX: NIC)
The Nickel Mines share price was on form and charged 12.2% higher last week. This follows news that the company’s 80%-owned Angel Nickel Project has now commenced commissioning of its fourth and final RKEF line well ahead of schedule. Nickel Mines’ Managing Director Justin Werner said: “To now have all four RKEF lines operating by mid-May, well ahead of their scheduled October delivery, is a remarkable achievement.”
Telix Pharmaceuticals Ltd (ASX: TLX)
The Telix share price wasn’t far behind with a 12% gain over the five days. This appears to have been driven by a positive reaction to the biopharmaceutical company’s annual general meeting presentation. At the event, management said the launch of its Illuccix product in the U.S. has “exceeded our expectations and we are seeing robust demand for the product.”
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
2 stellar ASX 200 growth shares analysts rate as buys
3 ASX mining shares that went gangbusters on Friday
Here are the 3 most traded ASX 200 shares on Friday
Why BHP, Chalice Mining, IGO, and Life360 shares are storming higher
Here’s why the Chalice Mining share price is jumping 15% today
Motley Fool contributor James Mickleboro has positions in Orocobre Limited and TELIXPHARM DEF SET. 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 Scott Phillips.
