These were the best-performing ASX 200 shares last week

It was a good week for these ASX 200 shares…

rising asx share price represented by happy woman dancing excitedly

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

The S&P/ASX 200 Index (ASX: XJO) climbed to another record high last week. The benchmark index climbed 56.6 points or 0.8% over the four days to 7,368.9 points.

While a good number of shares climbed higher, some recorded stronger gains than others. Here's why these were the best performing ASX 200 over the period:

Zip Co Ltd (ASX: Z1P)

The Zip share price was the best performer on the ASX 200 last week with a gain of 13.9%. Investors were buying the buy now pay later provider's shares after rotating out of value stocks and back into growth. It wasn't just Zip that was climbing last week. The S&P/ASX All Technology Index (ASX: XTX) rose a sizeable 4.4% over the shortened week.

ResMed Inc. (ASX: RMD)

The ResMed share price wasn't far behind with a gain of 12.5% last week. Investors were buying the sleep treatment focused medical device company's shares after one of its rivals was hit with a major product recall. On Monday, global technology giant Philips announced that it would be voluntarily recalling 3.5 million ventilation devices for treating sleep apnoea. Philips determined, based on testing, that there were possible risks to users related to the polyester-based polyurethane sound abatement foam component in these devices.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price was a strong performer and recorded a 10.9% gain over the four days. This also appears to have been driven by the shift back into growth stocks by investors. This latest gain means the health imaging company's shares are now up a sizeable 63% since the start of the year.

HUB24 Ltd (ASX: HUB)

The HUB24 share price was on form and surged 10.7% higher. There may have been a couple of catalysts for the rise in the investment platform provider's shares last week. One is investors flooding back into the tech sector again. The other is the prospect of rate hikes coming sooner than anticipated. HUB24's margins have come under pressure from low interest rates.

James Mickleboro does not own any shares mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Hub24 Ltd, Pro Medicus Ltd., and ZIPCOLTD FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended Hub24 Ltd and ResMed Inc. 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

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a strong start to the trading week for the ASX 200 this Monday.

Read more »

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

Why GenusPlus, NIB, Superloop, and Titomic shares are racing higher today

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

Read more »

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 »