3 ASX 200 shares defying Friday’s falls to leap higher

These ASX 200 stocks dodged today’s tumble. Here’s how.

| More on:
A group of happy office workers throw papers in the air and cheer after seeing the Latrobe Magnesium price skyrocket 38%

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) is ending a rough week in the red, but some of the shares that call the index home are managing to buck its downwards trend.

These three ASX 200 shares are shaking off the market’s struggles to record gains of up to 3% on Friday. We take a look at what’s keeping them in positive territory.

Right now, the ASX 200 is down 1.12%. That leaves it around 4.1% lower than it was at the end of last week.

3 ASX 200 shares pushing higher on Friday

James Hardie Industries (ASX: JHX)

The James Hardie share price is in the green on Friday despite its sector coming in as the ASX 200’s second worst performer. The stock has gained 1.87% to trade at $34.94 at the time of writing.

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) has slipped 1.33%.

James Hardie is the only constituent of the sector posting a gain. Interestingly, the company’s US listing fell 3.11% overnight.

There’s been no announcements from the company. However, news of its Prattville manufacturing plant hit headlines overnight.

The Alabama facility – where the company produces fibre cement building solutions – will undergo an expansion, the state’s Governor Kay Ivey announced earlier this week.

“The growth project will double the size of the Alabama facility, permitting a large-scale expansion of its manufacturing capacity,” the Governor said.

Breville Group Ltd (ASX: BRG)

ASX 200 consumer discretionary share Breville is also gaining on Friday. It’s currently trading at $18.21, 1.11% higher than its previous close.

The gain follows the release of an update on the company’s acquisition of LELIT and an insight into its financial year 2022 performance.

The acquisition is on track to be completed at the start of July. Meanwhile the company’s expecting to meet its previously issued guidance for this financial year.

Xero Limited (ASX: XRO)

The final ASX 200 share posting a gain today is tech favourite Xero. The company’s stock is currently 3.32% higher, trading at $82.37. That’s despite no news having been released by the company on Friday.

However, as The Motley Fool Australia reported earlier today, analysts have been impressed by its move to raise prices.

The accounting software provider will increase the prices it charges subscribers in mid-September.

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 positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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

ASX share price rise represented by investor riding atop leaping lion
Share Gainers

Why has the Liontown share price roared 30% higher in a week?

What's driving Liontown shares higher lately?

Read more »

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Share Gainers

Why Graincorp, Imugene, iSelect, and Mayne Pharma shares are racing higher

These ASX shares are on form on Wednesday...

Read more »

A woman blowing gold glitter out of her hands with a joyous smile on her face.
Share Gainers

Guess which ASX mining share is rocketing 30% on a ‘significant new discovery’

Meeka Metals has set off in vertical fashion today.

Read more »

A woman standing on a path flanked by big green trees is surrounded by colourful balloons tumbling from the sky.
Share Gainers

Why did the Pure Hydrogen share price pop 21% today?

Why did Pure Hydrogen shares have such an amazing day today?

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Share Gainers

Why Coronado Global, Lake, Megaport, and REA shares are storming higher

These ASX shares are having a good day...

Read more »

A girl runs along with her kite flying high in the sky.
Share Gainers

3 ASX mining shares rocketing by more than 20% today

Up we go in another day of double-digit gains for the ASX metals and mining equity bucket.

Read more »

Two men laughing while bouncing on bouncy balls
Share Gainers

Why is the BrainChip share price bouncing 6% higher today?

What's causing the BrainChip share price to pop on Tuesday?

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Share Gainers

Why is the Lake Resources share price powering up 17% today?

What's going on with the Lake Resources share price on Tuesday?

Read more »