These ASX giants are outperforming the exchange’s biggest companies over the past month.
The post These 3 ASX 50 shares have gained more than 10% in 30 days appeared first on The Motley Fool Australia. –
These 3 S&P/ASX 50 Index (ASX: XFL) shares are outperforming their peers, gaining more than 10% in a single month.
The gains are even more impressive given the ASX 50 index itself has fallen by 2.96% over the last 30 days.
So, what’s been sending the ASX 50’s top performers skyrocketing? Let’s take a look.
The top performing ASX 50 shares of the last month
These big-name companies have been outperforming their peers over the last month.
Qantas Airways Limited (ASX: QAN)
The recent performance of the Qantas share price has seen the airline leading the ASX 50 pack.
Qantas shares have gained an impressive 19% over the last 30 days. At Monday’s market close, shares in Australia’s largest airline were swapping hands for $5.31 apiece.
The market has been pushing Qantas higher since the company released its earnings for the 2021 financial year, which included a detailed plan to resume offering international flights.
South32 Ltd (ASX: S32)
The South32 share price is nipping at Qantas’ heels, having gained 15.8% since this time last month.
Right now, investors can get a piece of the ASX 50 mining company for $3.44.
South32’s gains for the month have come about despite the company posting disappointing results for FY21.
However, as The Motley Fool Australia reported last week, the values of many commodities South32 deals with have been taking off, likely pulling the South32 share price up with them. Additionally, some brokers are backing the company as one to watch over the coming years, which has probably excited the market.
Aristocrat Leisure Limited (ASX: ALL)
Finally, taking home the ASX 50’s third-best performance of the last 30 days is Aristocrat Leisure.
The Aristocrat Leisure share price has soared 13.7% since this time last month despite the company’s silence.
As my Foolish colleague reported yesterday, the gaming technology company’s stock might be being boosted by Aristocrat’s continuous growth.
The ASX 50’s worst performer
Unfortunately, where there are winners there must also be losers.
Right now, the worst-performing ASX 50 share of the last 30 days is iron ore giant BHP Group Ltd (ASX: BHP).
The post These 3 ASX 50 shares have gained more than 10% in 30 days appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper 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 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 Bruce Jackson.