With only a few hours of trade left in the week, the S&P/ASX 200 Index (ASX: XJO) is up a welcome 2.4% since last Friday's close, but these three ASX 200 shares have left those gains in the dust.
Which companies led the charge?
Read on!
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These three ASX 200 shares are on fire
The first ASX 200 share to amply reward investors over the week is fund manager Magellan Financial Group Ltd (ASX: MFG).
The Magellan share price is up 14.8% since last Friday's close, currently trading for $10.69 a share. Magellan shares also trade on a partly franked dividend yield of 6.1%.
If the Magellan share price can hold onto its gains at close, it will have finished in the green every day this week.
The ASX 200 share closed up 7.6% yesterday after reporting FY 2024 profits of $239 million, up 31% from FY 2023. The company's $19 million of performance fees were the highest achieved in three years.
Our second best ASX 200 share performer of the week is buy now, pay later (BNPL) company Zip Co Ltd (ASX: ZIP).
The Zip share price is up 19.0% since last Friday's close, currently at $2.10 a share.
There's been no price-sensitive news from Zip this week, but investors have been buying the stock amid its strong performance over the year. That included a 22.1% year on year increase in quarterly revenue to $223.6 million. Zip also recently successfully raised $267 million to pay down its debt.
Which brings us to the top ASX 200 share for the week, packaging products and solutions provider Orora Ltd (ASX: ORA).
The Orora share price is up a blistering 30.4% since last Friday's close, currently at $2.49 a share. Orora shares also trade on an unfranked trailing dividend yield of 4.0%.
Shares closed up 19.2% on Tuesday after the company reported it had received a takeover offer.
Or more specifically, "an opportunistic, conditional, and non-binding indicative proposal from Lone Star Fund XII Acquisitions to acquire 100% of its issued shares by way of a scheme of arrangement".
The offer values Orora shares at $2.55 apiece, minus any dividends yet to be paid. That was 33.5% higher than the Orora share price closed on Monday, the day prior to the takeover offer.
The ASX 200 share enjoyed another leg up on Wednesday, closing the day up 5.3%.
This followed the release of the company's FY 2024 financial results.
Highlights included a 10.2% year on year increase in underlying net profit, which came in at $223.7 million.
As always, whether you're looking at buying top-performing ASX 200 shares or bargain-hunting among the laggards, be sure to do your own research first. Or just reach out for some expert advice.
