Australian investors, rejoice! The S&P/ASX 200 Index (ASX: XJO) is posting a strong gain on Thursday after two weeks of unbearable tumbles and smaller intermittent gains. But some ASX 200 shares are taking today's uptick a step further.
Three ASX 200 stocks are surging as much as 6% today despite only silence from the companies.
To put their performance into perspective, the index has lifted 1.8% at the time of writing.
Let's take a look at the ASX favourites posting major gains on Thursday.
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3 ASX 200 shares beating the market today
The first ASX 200 share taking off ahead of the broader market is tech favourite Block Inc (ASX: SQ2). The Block share price is lifting 6.1% to trade at $89.79 right now.
Its rise follows a fortnight in which the stock plunged more than 18% compared to the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 7% tumble.
Also outperforming is the share price of Aussie fund manager Magellan Financial Group Ltd (ASX: MFG). The stock is up 3.3% right now, trading at $11.74.
Like that of Block, the Magellan share price has struggled through September so far. It has dumped 6% since announcing its funds under management (FUM) saw a $1.3 billion outflow over the course of August, seeing its total FUM hit $60.2 billion.
Finally, the New Hope Corporation Limited (ASX: NHC) share price is launching upwards, gaining 6.6% to trade at $6.29.
It's just the latest gain posted by the ASX 200 coal share, which has now rocketed 14% since the company released its full-year earnings last week.
The coal producer's profits soared more than 1,100% year-on-year to $983 million, leading the company to declare a 31-cent final dividend and a 25-cent special dividend.
Combined, the offerings represented a 700% increase on financial year 2021's seven-cent final dividend.
