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

sdf

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

Man with rocket wings which have flames coming out of them.
Share Gainers

Up 99% in a year, guess which ASX 300 stock is rocketing higher again today

Investor are piling into the $1.6 billion ASX 300 company again today. But why?

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a disappointing end to the trading week for investors this Friday.

Read more »

A young boy points and smiles as he eats fried chicken.
Share Gainers

3 ASX All Ords shares smashing the benchmark this week

Investors are sending these three ASX All Ords shares rocketing 18% to more than 29% this week. But why?

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Alliance Aviation, BHP, Boss Energy, and Orthocell shares are racing higher

These shares are ending the week on a positive note. But why?

Read more »

Man with backpack spreading his arms out and soaking in the sun.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a disappointing session for investors today.

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 a nervous hump day session for ASX investors today.

Read more »

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
Share Gainers

Why Collins Foods, DroneShield, Star Entertainment, and Virgin Australia shares are charging higher

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

Read more »

Ten smiling business people wave to the camera after receiving some winning company news.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors enjoyed a strong recovery day this Tuesday.

Read more »