These were the best performing ASX 200 shares last week

These ASX 200 shares were on form last week…

| More on:
Young woman in yellow striped top with laptop raises arm in victory

Image source: Getty Images

It was a good week for the S&P/ASX 200 Index (ASX: XJO) last week. The benchmark index rose 27.4 points or 0.4% over the five days to end the period at 7,488.3 points.

While a good number of shares climbed higher with the market, some climbed more than most. Here’s why these were the best performers on the ASX 200 last week:

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price was the best performer on the ASX 200 last week with a massive 29.3% gain. Investors were scrambling to buy the logistics solutions company’s shares following the release of its full year results for FY 2021. For the 12 months ended 30 June, WiseTech reported an 18% increase in revenue to $507.5 million and a 63% jump in EBITDA to $206.7 million. This compares favourably to its guidance for full year revenue of $470 million to $510 million and EBITDA of $165 million to $190 million. Looking ahead, management’s guidance for FY 2022 is EBITDA growth of 26% to 38% in FY 2022.

Blackmores Limited (ASX: BKL)

The Blackmores share price wasn’t far behind with a 28.4% gain last week. This was driven by the release of the health supplements company’s full year results. For the 12 months ended 30 June, Blackmores reported a 1.3% increase in revenue to $575.9 million and a 51.7% jump in underlying net profit after tax to $25.4 million. This went down well with analysts at Credit Suisse. In response, the broker upgraded its shares to a buy rating with a $100.00 price target.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price was a very strong performer last week and rose 25.8%. Investors were buying the biopharmaceutical company’s shares after a leading broker responded positively to its full year results. In respect to the latter, in FY 2021 Clinuvel reported a 43% increase in revenue to $48.5 million and a 63.5% jump in net profit after tax to $24.7 million. This led to analysts at Jefferies upgrading the company’s shares to a buy rating with a $36.80 price target.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price was on form and charged 22.9% higher over the five days. This was despite the travel agent posting another large loss in FY 2021. For the 12 months ended 30 June, the company reported a 74.2% decline in total transaction value (TTV) to $3,945 million and an underlying loss after tax of $364 million. However, the company’s outlook gave its shares a major boost. Management advised that it believes Flight Centre can reach profitability in FY 2022.

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

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 shares of and has recommended WiseTech Global. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and WiseTech Global. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. 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

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

These were the best performing ASX 200 shares last week

These ASX 200 shares were on fire last week...

Read more »

A female coal miner wearing a white hardhat and orange high-vis vest holds a lump of coal and smiles as the Whitehaven Coal share price rises today
Share Gainers

Why are ASX coal shares charging higher again today?

The global energy crisis has pushed coal prices to all-time highs.

Read more »

A man leaps from a stack of gold coins to the next, each one higher than the last.
Technology Shares

Why is the Block share price leaping 9% on Friday?

Block shares are storming ahead on a good day for the ASX tech sector.

Read more »

A man wearing glasses and a white t-shirt pumps his fists in the air looking excited and happy about the rising OBX share price
Share Gainers

Why BHP, Chalice Mining, IGO, and Life360 shares are storming higher

These ASX shares are ending the week strongly...

Read more »

A male ASX investor sits cross-legged with a laptop computer in his lap with a slightly crazed, happy, excited look on his face while next to him a graphic of a rocket shoots upwards with graphics of stars scattered around it
BNPL shares

The Zip share price is rocketing 6% today. Here’s why

The buy now, pay later company is enjoying a change of fortunes today, along with its fellow ASX tech shares

Read more »

Woman attached to rocket flies into air
Share Gainers

2 ASX All Ordinaries shares having a cracking day, despite the carnage

A biotech and a mining share are enjoying big gains on a tough day for the ASX.

Read more »

Share Gainers

3 ASX 200 shares defying today’s carnage to climb higher

Here's what's boosting these ASX 200 stocks upwards today.

Read more »

Share Gainers

Why Aristocrat, Arafura, Calix, and Strike Energy shares are charging higher

These ASX shares are avoiding the market selloff...

Read more »