3 high-flying ASX 200 stocks leading the charge into FY 2025

These three ASX 200 stocks have already surged higher in FY 2025. But why.

| More on:
A man sits thoughtfully on the couch with a laptop on his lap.

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

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!

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.

Motley Fool contributor Bernd Struben 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 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 Scott Phillips.

More on Share Gainers

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Adore Beauty, Domino's, DroneShield, and Universal Store shares are rising today

Not all shares are falling today. Why are these rising?

Read more »

Lion roaring in the wild, symbolising a rising Liontown share price.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors once again pulled back from record highs today.

Read more »

Cheerful boyfriend showing mobile phone to girlfriend in dining room. They are spending leisure time together at home and planning their financial future.
Share Gainers

Why Accent, Dusk, Evolution Mining, and Zip shares are pushing higher today

These shares are having a great session. But why?

Read more »

Hands reaching high for a trophy with a sunset in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another day and another record high for ASX shares this Wednesday.

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Gold

Have you heard of this ASX gold stock? It's up 114% in 8 days!

Investors have sent the ASX gold stock flying higher in July. But why?

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 Cettire, Core Lithium, Northern Star, and Step One shares are charging higher

These shares are having a good time on hump day. But why?

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX investors this Tuesday.

Read more »

A man sees some good news on his phone and gives a little cheer.
Share Gainers

Why EOS, Hub24, Integrated Research, and Kingsgate shares are pushing higher

These shares are having a strong session. But why?

Read more »