These were the best performing ASX 200 shares in April

These ASX 200 shares were on form in April…

| More on:
A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today

Image source: Getty Images

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

The S&P/ASX 200 Index (ASX: XJO) ended its winning streak in April. The benchmark index shed 0.9% of its value during the month to end it at 7,435 points.

Fortunately, not all shares dropped with the market. Here’s why these were the best performers on the ASX 200 in April:

Ramsay Health Care Limited (ASX: RHC)

The Ramsay Health Care share price was the best performer on the ASX 200 in April with a sizeable 24.5% gain. Investors were buying the private hospital operator’s shares after it received a takeover approach from a consortium led by KKR. The consortium has tabled a non-binding $88.00 cash per share offer to acquire the private hospital operator. This will be reduced by any dividends paid. Ramsay has granted the consortium due diligence access.

GrainCorp Ltd (ASX: GNC)

The GrainCorp share price was on form and charged 21.7%. This was despite there being no news out of the grain exporter. However, with global grain prices reaching 25-year highs recently, it appears as though investors are confident that GrainCorp will (at least) deliver on its recently upgraded earnings guidance for FY 2022.

AMP Ltd (ASX: AMP)

The AMP share price wasn’t far behind with a gain of 20.2% last month. This was driven by the announcement of a number of sale agreements for its private markets business, Collimate Capital. This culminated in the announcement of an agreement to sell its international infrastructure equity business to DigitalBridge for up to A$699 million late in the month. In total, the deals value the total Collimate Capital business at up to A$2.04 billion including the value of retained assets, and up to A$2.5 billion when including the maximum earnouts. AMP intends to return the majority of the sale proceeds to shareholders.

Viva Energy Group Ltd (ASX: VEA)

The Viva Energy share price was on form and raced 19.6% higher during the month. Investors were buying the fuel retailer’s shares after its positive form continued during the first quarter. Viva Energy reported a 9% increase total group volumes despite battling mobility restrictions caused by the floods. In addition, Viva Energy reported a big improvement in its Geelong Refining Margin. This went down well with UBS, which retained its buy rating and lifted its price target to $2.95.

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

A boy leaps and flaps his arms as he tries to fly with some birds on the shoreline of the beach.
Share Gainers

5 best ASX All Ordinaries shares in June

Why did these ASX shares fly while the All Ords dropped?

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Share Gainers

Why Austal, Mesoblast, Regis Resources, and Zip shares are charging higher

These ASX shares are ending the week strongly...

Read more »

Three rockets heading to space
Share Gainers

These 3 ASX All Ords shares are delivering double-digit gains on Friday

These stocks have each surged more than 20% today.

Read more »

a man in a green and gold Australian athletic kit roars ecstatically with a wide open mouth while his hands are clenched and raised as a shower of gold confetti falls in the sky around him.
Gold

Why is the Northern Star share price more green than gold on Friday?

It's proving a good day so far for the gold miner, despite the price of the yellow metal falling.

Read more »

Rising arrow on a blue graph symbolising a rising share price.
Share Gainers

Why is the Mesoblast share price leaping 19% today?

Mesoblast reverses course today – for now, anyway.

Read more »

a group of young people dance together with their hands in the air, moving to music.
Share Gainers

What’s propelling the MoneyMe share price 28% higher today?

Investors have rewarded the company handsomely today.

Read more »

a man and a woman sitting in a technology related work environment high five each other while the man wears headphones around his heck and the woman sits in front of a laptop.
Share Gainers

Domestic bliss: Praemium share price surges 18% after international business split

The tech company will now focus on the domestic market.

Read more »

Young woman in yellow striped top with laptop raises arm in victory
Share Gainers

These were the best performing ASX 200 shares in June

These ASX 200 shares defied the market selloff and stormed higher...

Read more »