3 ASX 200 stocks screaming higher in this week's sinking market

Investors sent these three ASX 200 stocks surging this week despite the broader market retrace. But why?

| More on:

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 this week, the S&P/ASX 200 Index (ASX: XJO) is down 1.6% since last Friday's closing bell, but that hasn't held back these three surging ASX 200 stocks.

It's a diversified list of top performers on my list for the week. One is a major energy supplier; one is a leading healthcare stock; and the third is a global metals and electronics recycler.

Here's why they've been charging higher this week despite the broader market retrace.

three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.

Image source: Getty Images

ASX 200 stocks leaping higher this week

First up we have Sims Ltd (ASX: SGM).

Shares in the metals and electronics recycler closed last Friday trading for $18.36. At time of writing, shares are changing hands for $20.65. That sees this ASX 200 stock up 12.4% for the week.

Sims shares got a big boost on Wednesday after the company reported a positive FY 2026 trading update.

Noting continued price strength in both the non-ferrous and memory chip markets, Sims forecast full year underlying earnings before interest and tax (EBIT) to be between $350 million and $400 million.

Sims also reassured investors that the impact on its performance from the Middle East conflict to date remains relatively limited outside of shipping and fuel costs.

Moving on to the second ASX 200 stock racing higher in this week's falling market, we have Viva Energy Group Ltd (ASX: VEA).

Shares in the oil refiner and fuel supplier closed last week trading for $2.14 and are currently changing hands for $2.42 each. This puts the Viva Energy share price up 13.3% for the week.

The stock has been a clear beneficiary of surging global oil and gas prices, with shares now up more than 37% over the past months.

Viva Energy also caught investor interest today following news of renewed Federal government support for domestic oil refining as the war in Iran threatens imports.

The government's Fuel Security Services Payment (FSSP) provides financial support for Australia's two remaining refineries when regional refining margins fall below long-term breakeven costs.

Viva Energy owns and operates the Geelong Refinery in Victoria.

Which brings us to…

Leading the charge

The top performing ASX 200 stock on my list for today is Telix Pharmaceuticals Ltd (ASX: TLX).

Shares in the diagnostic and therapeutic product developer closed last Friday at $11.29. Shares are currently trading for $12.99 each. This sees the Telix share price up an impressive 14.7% in this week's slumping market.

Telix shares look to have gotten a delayed boost throughout the week from Monday's announcement that it had resubmitted a New Drug Application to the US Food and Drug Administration for its brain cancer imaging product TLX101-Px (Pixclara).

The resubmission included additional data requested by the FDA.

"Our resubmission is supported by an extensive and compelling data set – particularly so for an orphan indication," Telix chief medical officer David Cade said.

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 Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. 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 group of young people celebrate and party outside.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors finally caught a break this Friday.

Read more »

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

Why Boss Energy, Coles, Evolution Mining, and Mineral Resources shares are charging higher today

These shares are having a strong finish to the week.

Read more »

Five young people sit in a row having fun and interacting with their mobile phones.
Share Gainers

The five best ASX 200 stocks to buy and hold in April revealed

If you held these five ASX 200 stocks in April, you’ll be laughing today.

Read more »

Excited group of friends watching sports on TV and celebrating.
Share Gainers

Why these ASX shares jumped 15%+ in April

These shares delivered the goods for investors in April. 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

Another day, another loss for investors.

Read more »

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

Why Capstone Copper, Gentrack, Mineral Resources, and WiseTech shares are racing higher today

These shares are avoiding the market weakness and pushing higher. Let's find out why.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Healthcare Shares

Guess which ASX All Ords healthcare share is rocketing 18% in Thursday's sinking market

Investors are piling into the ASX healthcare share on Thursday. But why?

Read more »

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another rough day for the markets this Wednesday.

Read more »