These 3 shares were the biggest gainers of the ASX 200 this week

Shareholders of these companies can rejoice. Their investments were the best performers of the ASX 200 this week.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's been a good week for the S&P/ASX 200 Index (ASX: XJO), which has gained 1.68% since last Friday's close. Though, these 3 shares have blown the ASX 200's gains out of the water.

Let's take a look at this week's best performing shares of the index.

ASX 300 share investors in suits running a race on an athletics track

Image source: Getty Images

This week's top performers

Origin Energy Ltd (ASX: ORG) – up 15.7%

Origin shares enjoyed a stellar week on the ASX despite there being no news out of the company.

But, as Motley Fool reported yesterday, the ASX 200 energy producer's share price has been boosted by surging commodity prices, which underpinned solid gross domestic product (GDP) growth.

By the end of the week, the Origin Energy share price was trading at $4.72.

Worley Ltd (ASX: WOR) – up 15.6%

Since last Friday's close, the Worley share price has gained an impressive 15.6% as a result of multiple announcements.

On Tuesday, the ASX 200 engineering company announced 2 contract wins – one with Celanese and another with Shell.

Worley's contract with Celanese will see it conducting the engineering, procurement and construction of Celanese's new acetic acid unit in Texas, United States.

Its contract for Shell will involve building a green hydrogen hub in the Netherlands.

Despite the good news, the Worley share price dropped during Tuesday's trade – closing 0.5% lower than its previous session.

Luckily for shareholders, however, on Wednesday Worley released its investor day presentation. The presentation indicated that the company is set to deliver improved performance for the second half of the 2021 financial year.

Finally, Worley received multiple positive broker notes on Thursday as a result of its investor day presentation.

At Friday's close, Worley shares were fetching $12.25 apiece.

Inghams Group Ltd (ASX: ING) – up 12.2%

This week, the Inghams share price seems to have been still basking in the glory of the company's 2021 financial year earnings and guidance update, released last Friday.

The guidance seemed to exceed the market's expectations, since the company's shares gained 10% that day.

Then, on Monday, a note out of Goldman Sachs sent the poultry producer's share price soaring once more when analysts retained their buy rating and lifted their price target on the Inghams share price to $4.50.

On Wednesday, Credit Suisse followed Goldman Sachs' example. Credit Suisse retained its outperform rating on Inghams shares and lifted its price target to $4.10

Currently, one share in Inghams will set an investor back $3.83.

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.

More on Share Gainers

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a sour start to the trading week today.

Read more »

Man and woman sitting at table with the man looking a bit puzzled at his laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a tough end to a rough week for investors.

Read more »

A girl sits on her bed in her room while using laptop and listening to headphones.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another rough ride for investors this Thursday.

Read more »

Five young people sit in a row having fun and interacting with their mobile phones.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a Wednesday that left investors wanting today.

Read more »

Girl with painted hands.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX was back to the races this Tuesday.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a lacklustre start to the trading week this Monday.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

This ASX 200 stock turned $5,000 into $31,960 in just 1 year. Here's how

Investors have sent this ASX 200 stock rocketing 539% in 12 months. But why?

Read more »

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a lukewarm end to a stunning trading week today.

Read more »