These were the best-performing shares on the ASX 200 last week

The A2 Milk Company Ltd (ASX:A2M) share price and the WiseTech Global Ltd (ASX:WTC) share price were amongst the best-performers on the ASX 200 index last week…

| More on:
a woman

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

Last week the release of better than expected economic data out of the United States appeared to reduce the likelihood of aggressive monetary policy by the Federal Reserve and weighed on global share markets.

This led to the S&P/ASX 200 index falling 54.8 points or 0.8% to finish the week at 6696.5 points.

Not all shares fell with the index, though. The four shares listed below were on form last week and were the best performers on the benchmark index. Here's why:

The Breville Group Ltd (ASX: BRG) share price was the best-performer on the S&P/ASX 200 index last week with a gain of 12%. The appliance maker's shares launched higher despite there being no news or broker notes that I'm aware of. This latest gain means that the Breville share price has now stormed a remarkable 73% since the start of the year. A strong half year result and its successful expansion in Europe has largely been behind the rise.

The A2 Milk Company Ltd (ASX: A2M) share price wasn't far behind with a gain of 10.6%. The fresh milk and infant formula company's shares were given a boost last week when analysts at UBS upgraded them to a buy rating from neutral. The broker also lifted the price target on its shares to NZ$17.50 (A$16.68). UBS is positive on the company due to its strong position in the world's largest infant milk formula market.

The WiseTech Global Ltd (ASX: WTC) share price was a strong performer, gaining a solid 9.8% last week. The logistics solutions company's shares charged higher even though there was no news out of it. However, a number of Australia's leading tech shares pushed higher after solid gains were made on the technology-focused Nasdaq index. U.S. tech shares rose after trade talks were held between the U.S. and China.

The Resolute Mining Limited (ASX: RSG) share price was on form with a 9.5% gain last week. As well as benefiting from a rise in the gold price, Resolute's shares were boosted by news that analysts at Goldman Sachs upgraded them to a buy rating from neutral with a $1.60 price target. According to the note, the broker felt its shares were cheap at 0.88x NAV and 3.5x EV/EBITDA.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of WiseTech Global. The Motley Fool Australia owns shares of A2 Milk. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 young woman smiles as she rides a zip line high above the trees.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors kicked off the trading week in style today.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Share Gainers

Why Liberty, Lovisa, Novonix, and SG Fleet shares are storming higher today

These shares are starting the week strongly. But why? Let's find out.

Read more »

Young girl drinking milk showing off muscles.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a great end to the trading week for ASX investors today.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Share Gainers

3 ASX 200 stocks smashing the benchmark this week

These three ASX 200 stocks are leading the charge this week. Here’s how.

Read more »

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

Why A2 Milk, EOS, GQG, and Mineral Resources shares are racing higher today

These shares are ending the week strongly. But why?

Read more »

A man wearing a red jacket and mountain hiking clothes stands at the top of a mountain peak and looks out over countless mountain ranges.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another disappointing day for ASX investors this Thursday.

Read more »

two men smiling with a laptop in front of them, symbolising a rising share price.
Share Gainers

Why Pinnacle, PWR, Race Oncology, and Vulcan shares are flying today

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

Read more »

A beautiful woman holds up one finger with one hand and has her hand on her waist with the other as she smiles widely as though she is very pleased about something.
Share Gainers

Why Boss Energy, Emeco, Mineral Resources, and Plenti shares are pushing higher today

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

Read more »