These 3 ASX 200 stocks are shooting the lights out this week. Own any?

These ASX 200 shares have soared 11% to almost 23% this week. But why?

| More on:
Three people jumping cheerfully in clear sunny weather.

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 half a day of trading left in the week, the S&P/ASX 200 Index (ASX: XJO) is up 0.7% since last Friday's close, with three ASX 200 stocks doing more than their fair share to contribute to those gains.

Which outperforming shares am I talking about?

Read on.

ASX 200 stocks smashing the benchmark this week

The first company having a smashing run this week is SGH Ltd (ASX: SGH), which you may know as Seven Group Holdings.

SGH shares closed last Friday trading for $49.10 apiece. At the time of writing today, shares are changing hands for $54.46 each, up 10.9% for the week. This sees the SGH share price up 39.8% in a year. The ASX 200 stock also trades on a fully franked dividend yield (part trailing, part pending) of 1.1%.

Investors reacted positively this week to Seven Group's half-year results, which were released on Tuesday.

Highlights from the diversified operating company included revenue of $5.5 billion, up 2% year on year. And earnings before interest and tax (EBIT) surged 10% to $843 million. SGH also pleased passive income investors with a 30% boost of its interim dividend to 30 cents per share.

"The result was driven by our disciplined focus on customer service, execution and operating leverage, ultimately delivering overall revenue, margin and earnings growth in the period," SGH CEO Ryan Stokes said on the day.

Also shooting the lights out this week is Nine Entertainment Co. Holdings Ltd (ASX: NEC).

The ASX 200 stock closed last week at $1.29 a share. At the time of writing, shares are trading for $1.51 apiece, putting the Nine Entertainment share price up 17.1% for the week.

Longer term, shares remain down 21.1% over a year. Nine Entertainment stock also trades on a fully franked 5.6% trailing dividend yield.

There was no fresh price-sensitive news from the multi-media company this week, but the stock looks to have caught some welcome tailwinds from the half-year results delivered by Seven West Media Ltd (ASX: SWM) on Tuesday.

As the Motley Fool's James Mickleboro pointed out on the day, "Investors appear to have gained enough knowledge from Seven West Media's results to predict that Nine Entertainment is likely to deliver a better than forecast result later this month."

Leaping ahead of the pack

Which brings us to the top-performing ASX 200 stock on our list for the week, Computershare Ltd (ASX: CPU).

The Computershare share price closed last Friday at $35.22 and is currently at $42.81, up a whopping 21.6% for the week.

This sees the Computershare share price up 62.8% in 12 months and trading at all-time highs. Shares in the financial administration company also trade on a 2.0% unfranked trailing dividend yield.

The ASX 200 stock received a huge boost following Wednesday's release of its half-year results, with shares closing up 15.5% on the day.

Highlights included a 6.4% year-on-year increase in management revenue to $1.5 billion.

Computershare's interim dividend of 45 cents per share was up 12.5% from the prior interim payout.

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 recommended Nine Entertainment. 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 panel of four judges hold up cards all showing the perfect score of ten out of ten
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX just snapped a three-day losing streak.

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Share Gainers

Why Cogstate, DroneShield, Premier Investments, and South32 shares are storming higher

These shares are having a strong session on Thursday. But why?

Read more »

three men stand on a winner's podium with medals around their necks with their hands raised in triumph.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another red day on the markets this Wednesday.

Read more »

Multiracial happy young people stacking hands outside - University students hugging in college campus - Youth community concept with guys and girls standing together supporting each other.
Share Gainers

Why 4DMedical and these ASX shares are up 200%+ in just a year

These shares have made their shareholders wealthy over the past year.

Read more »

Three happy office workers cheer as they read about good financial news on a laptop.
Share Gainers

Why Evolution Mining, Lynas Rare Earths, Paladin Energy, and Sovereign Metals shares are racing higher today

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

Read more »

A young well-dressed couple at a luxury resort celebrate successful life choices.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors kept up the selling this session.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough start to the week for investors.

Read more »

Beautiful young woman drinking fresh orange juice in kitchen.
Share Gainers

Why Catalyst Metals, Lynas, Polynovo, and St George Mining shares are pushing higher today

These shares are starting the week with a bang. But why?

Read more »