The Motley Fool

These 10 ASX 200 shares were the best-performers in FY19

Over the last 12 months the S&P/ASX 200 index has had a number of highs and lows but ultimately, thanks to a strong second half, finished it approximately 7.1% higher than where it started.

If you add in dividends then the benchmark index has gained over 12% over the period.

Whilst this is a strong gain, a number of shares on the index have performed significantly better. Here are the shares that made investors smile in FY 2019:

The Nearmap Ltd (ASX: NEA) share price was the best-performing ASX 200 share over the last 12 months with a gain of 233%. This has been driven partly by the aerial imagery technology and location data company’s successful expansion into the United States.

The Clinuvel Pharmaceuticals (ASX: CUV) share price wasn’t far behind with a gain of 206%. The catalyst for this has been the success of its SCENESSE product. SCENESSE has been developed as a first-line pharmaceutical product aimed at treating patients with the rare genetic disorder erythropoietic protoporphyria (EPP).

The Afterpay Touch Group (ASX: APT) share price rocketed a massive 168% higher during FY 2019. The buy now, pay later platform provider’s shares have been on fire thanks to its successful expansion into the massive U.S. retail market.

The Magellan Financial Group Ltd (ASX: MFG) share price is up almost 119% over the financial year. The fund manager has caught the eye due to its strong FUMs growth and its plan to expand into annuity-like products.

The Appen Ltd (ASX: APX) share price has rallied an incredible 109% over the period. Very strong demand for its services due to the explosive growth in machine learning and artificial intelligence has been behind this strong rise.

The Fortescue Metals Group Ltd (ASX: FMG) share price stormed 105% higher in FY19. The catalyst for this has been a material increase in the price of iron ore due to supply issues. There has also been a notable narrowing in the discount between low grade and benchmark ore.

The Service Stream Limited (ASX: SSM) share price put on a gain of 86% over the last 12 months. A strong half year result by the network services company has helped drive its shares higher.

The Technology One Limited (ASX: TNE) share price is up 85% over the financial year. Investors have been fighting to get hold of the technology company’s shares due to the strong performance and equally strong potential of its software-as-a-service business.

The Austal Limited (ASX: ASB) share price has risen 83% over the last 12 months. The shipbuilder’s shares have been storming higher thanks to growing demand for its services from the U.S. Navy.

The Nanosonics Ltd (ASX: NAN) share price is up an impressive 78% over the period. The infection control specialist’s shares have been on the charge due to a very strong half year result and the company’s increasingly positive outlook.

Did you miss out on these incredible gains? Don't worry because these top shares could be the next ones to rocket higher.

These ASX shares have shot up 204% and even 954%, but we think they’re just getting started

The $700 billion “war on cash” is on… and even The New York Times is calling it “a goldmine of staggering proportions”…

That’s why The Motley Fool has just released a brand-new research report: “Leave Your Wallet at Home: 2 Stocks for the Digital Payments Revolution.” Inside, you’ll find 2 expert-picked ASX shares poised to profit from this sweeping tech revolution.

Heck, stock #1 is already up 204% in just the last two years. While Stock #2 has climbed an eye-watering 954% since 2015 alone…

Yet we’re convinced the sheer biggest returns could be still ahead, with 10X or more potential profits still on the table. Simply click the link below now and we’ll show you how to snap up this timely (and potentially highly profitable) new research for FREE.

Click here to snap up your copy of “Leave Your Wallet at Home: 2 Stocks for the Digital Payments Revolution.”

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited and Nearmap Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO and Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!