4 ASX 200 shares leading the charge higher this week

Investors have been piling into these four ASX 200 shares this week. But why?

| More on:
Happy teen friends jumping in front of a wall.

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 left in the trading week, the S&P/ASX 200 Index (ASX: XJO) is up 0.8% since last Friday's close, with four ASX 200 shares charging ahead of those gains.

Unlike last week's top gainers, which were dominated by ASX gold stocks, this week sees investor interest returning to help lift technology and travel stocks.

So, which four ASX 200 shares are racing ahead of the benchmark this week?

I'm glad you asked!

Two ASX 200 travel shares surging higher this week

The first outperforming ASX 200 share on my list for the week is Web Travel Group Ltd (ASX: WEB). As you may recall, Web Travel spun off its online travel agency business Webjet Group (ASX: WJL) on 30 September, with Web Travel now focused on its B2B WebBeds business.

Web Travel shares closed last Friday trading for $4.77. At the time of writing, shares are changing hands for $5.08, putting the stock up 6.4% for the week.

Shares closed up 12.4% on Wednesday, following the company's full-year results.

Highlights included a 22% year-on-year increase in total transaction value (TTV) to $4.87 billion. Revenue was up 1% year on year to $328 million, and the company completed its $150 million share buyback in March.

Web Travel said it is targeting record earnings in FY 2026.

Which brings us to the second ASX 200 share leaping higher this week, Corporate Travel Management Ltd (ASX: CTD).

Shares in the corporate travel services provider closed last Friday at $12.83 and are currently trading for $13.63 each. That sees the Corporate Travel share price up 6.2% over the week.

There was no fresh news out from Corporate Travel over the week, with the stock potentially benefiting from improving investor sentiment on the outlook for global business travel.

Two ASX tech stocks joining the rally

A third ASX 200 share leaping higher this week is WiseTech Global Ltd (ASX: WTC).

Shares in the global logistics software solutions company closed last week at $100.05 apiece. In afternoon trade today, shares are changing hands for $105.69 each, up 5.7% for the week.

WiseTech share started the week with a bang on Monday, after the company announced that it had entered into a binding agreement to acquire United States-based E2open (NYSE: ETWO) for US$2.1 billion.

"Acquiring E2open is a strategically significant step in achieving our expanded vision to be the operating system for global trade and logistics," WiseTech chief innovation officer, Richard White, said of the acquisition.

Rounding off our list of outperforming ASX 200 shares for the week is TechnologyOne Ltd (ASX: TNE).

Shares in the software-as-a-service (SaaS) provider closed last week at $38.61 and are currently trading for $40.99. That sees the TechnologyOne share price up 6.2% for the week.

There was no fresh news from TechnologyOne this week. But investors have been bidding up the share price since the company reported record-setting half-year results on 20 May. Shares are now up 24.2% since the market closed on 19 May.

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 positions in and has recommended Corporate Travel Management, Technology One, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Corporate Travel Management and WiseTech Global. The Motley Fool Australia has recommended Technology One. 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

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX managed to recover from a wobble to move higher today.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Brazilian Rare Earths, Fenix Resources, Flight Centre, and Guzman Y Gomez shares are storming higher today

These shares are having a better day than most on Thursday.

Read more »

Two fashionable asx investors dancing among confetti.
Retail Shares

Why is the Myer share price rocketing 10% on Thursday?

ASX investors are piling into Myer shares today. But why?

Read more »

3 children standing on podiums wearing Olympic medals
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rather woeful Wednesday session for the ASX today.

Read more »

A young woman drinking coffee in a cafe smiles as she checks her phone.
Share Gainers

Why 4DMedical, Megaport, Meteoric Resources, and Ramelius shares are racing higher today

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

Read more »

Winning woman smiles and holds big cup while losing woman looks unhappy with small cup
Share Gainers

Here are the top 10 ASX 200 shares today

It was a dour Tuesday for ASX investors.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why Brightstar Resources, Immutep, Pilbara Minerals, and Race Oncology shares are roaring higher

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

Read more »

A graphic of a pink rocket taking off above an increasing chart.
Healthcare Shares

Guess which ASX 300 healthcare share is rocketing 28% on global expansion news

Investors are piling into the ASX 300 healthcare share on Tuesday. Let’s see why.

Read more »