These 3 shares were the biggest gainers of the ASX 200 this week

Shareholders of these companies can rejoice. Their investments were the best performers of the ASX 200 this week.

| More on:
ASX 300 share investors in suits running a race on an athletics track

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

It's been a good week for the S&P/ASX 200 Index (ASX: XJO), which has gained 1.68% since last Friday's close. Though, these 3 shares have blown the ASX 200's gains out of the water.

Let's take a look at this week's best performing shares of the index.

This week's top performers

Origin Energy Ltd (ASX: ORG) – up 15.7%

Origin shares enjoyed a stellar week on the ASX despite there being no news out of the company.

But, as Motley Fool reported yesterday, the ASX 200 energy producer's share price has been boosted by surging commodity prices, which underpinned solid gross domestic product (GDP) growth.

By the end of the week, the Origin Energy share price was trading at $4.72.

Worley Ltd (ASX: WOR) – up 15.6%

Since last Friday's close, the Worley share price has gained an impressive 15.6% as a result of multiple announcements.

On Tuesday, the ASX 200 engineering company announced 2 contract wins – one with Celanese and another with Shell.

Worley's contract with Celanese will see it conducting the engineering, procurement and construction of Celanese's new acetic acid unit in Texas, United States.

Its contract for Shell will involve building a green hydrogen hub in the Netherlands.

Despite the good news, the Worley share price dropped during Tuesday's trade – closing 0.5% lower than its previous session.

Luckily for shareholders, however, on Wednesday Worley released its investor day presentation. The presentation indicated that the company is set to deliver improved performance for the second half of the 2021 financial year.

Finally, Worley received multiple positive broker notes on Thursday as a result of its investor day presentation.

At Friday's close, Worley shares were fetching $12.25 apiece.

Inghams Group Ltd (ASX: ING) – up 12.2%

This week, the Inghams share price seems to have been still basking in the glory of the company's 2021 financial year earnings and guidance update, released last Friday.

The guidance seemed to exceed the market's expectations, since the company's shares gained 10% that day.

Then, on Monday, a note out of Goldman Sachs sent the poultry producer's share price soaring once more when analysts retained their buy rating and lifted their price target on the Inghams share price to $4.50.

On Wednesday, Credit Suisse followed Goldman Sachs' example. Credit Suisse retained its outperform rating on Inghams shares and lifted its price target to $4.10

Currently, one share in Inghams will set an investor back $3.83.

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Share Gainers

Why Catapult, De Grey Mining, Domino's, and Nufarm shares are charging higher

These shares are ending the week strongly. But why?

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Share Gainers

How these 3 ASX 200 stocks smashed the benchmark this week

Investors sent these ASX 200 stocks flying higher over the week. But why?

Read more »

asx share price boosted by us investment represented by hand waving US flag across winning athlete
Best Shares

Here are the best-performing ASX 200 shares since the US election result

We reveal the 10 ASX stocks that have had the highest share price gains since the US Presidential election.

Read more »

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Industrials Shares

Up 39% in a year, is there more growth to come for this ASX 200 share?

IML Equity Analyst Josh Freiman shares his views on a major ASX 200 industrial stock.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Catapult, Flight Centre, Nufarm, and Xero shares are storming higher today

These shares are having a strong session on Thursday. But why? Let's find out.

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Healthcare Shares

3 ASX healthcare shares going gangbusters on Thursday

Investors are sending these ASX healthcare stocks soaring today. But why?

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

Here are the top 10 ASX 200 shares today

The ASX 200 made it three-for-three losses in a row this Wednesday.

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Brickworks, James Hardie, Megaport, and OFX shares are charging higher today

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

Read more »