With just a few hours of trade left in this first week of FY 2025, the S&P/ASX 200 Index (ASX: XJO) is up 0.8% with three ASX 200 stocks doing a lot of the heavy lifting.
Which companies are leading the benchmark higher in these early days of the new financial year?
Read on!
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ASX 200 stocks at the top of the FY 2025 leaderboard
The third-best ASX 200 stock in the budding new financial year is Lynas Rare Earths Ltd (ASX: LYC).
Shares in the rare earths miner closed last Friday, the final trading day of FY 2024, at $5.93 apiece. In afternoon trade today, shares are swapping hands for $6.57.
That sees the Lynas share price up 10.8% over the week.
This strong performance is likely linked to the company's 27 June announcement that its Lynas Malaysia business is aiming for first production of two separated heavy rare earths products in 2025.
The plant will produce separated dysprosium (Dy) and terbium (Tb), both critical elements in the high-performance rare earth permanent magnets found in numerous high-tech devices and EVs.
Moving on to the second-best ASX 200 stock performer in these early days of FY 2025, we have Magellan Financial Group Ltd (ASX: MFG).
Shares in the fund manager closed out FY 2024 trading for $8.42. At the time of writing, shares are changing hands for $9.39 apiece. That puts the Magellan share price up 11.5% over the week.
The Magellan share price closed in the green every day this week, and it looks set to do so again today.
The biggest boost for the ASX 200 stock came yesterday when the company updated the market on its funds under management. After experiencing net money outflows of $100 million in May, flows into and out of its funds were flat in June. Magellan is also set to pay out some $200 million in dividends in July.
Which brings as to the top-performing ASX 200 stock in this first week of the 2025 financial year, Whitehaven Coal Ltd (ASX: WHC).
Shares in the coal miner closed on 28 June trading for $7.65. At the time of writing, shares are trading for $8.96 apiece.
This sees the Whitehaven share price up a whopping 17.1% over the first week of FY 2025.
Whitehaven received some unexpected tailwinds this week alongside other ASX coal miners after Anglo American (LSE: AAL) was forced to suspend production at its Grosvenor coal mine in Queensland following an underground fire.
With an eye towards safety and significant fire damage likely within the mine, Anglo American said it expects coal production at the project to remain suspended for at least several months.
