These were the best-performing ASX 200 shares in June

These ASX 200 shares were in fine form in June, much to the delight of shareholders.

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company

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) was on form in June and recorded a decent monthly gain. Over the period, the benchmark index rose 1.6% to 7,203.3 points.

Four ASX shares that smashed this return are listed below. Here's why they were the best-performing ASX 200 shares in June:

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price was the best performer on the ASX 200 last month with a 33% gain. Investors were scrambling to buy this uranium developer's shares at the start of the month after the company confirmed that it wasn't going to have its mine usurped by the Namibian government. The government advised: "The Government has no intention to seize any stake from existing mineral or petroleum licence holders and remain committed to uphold the sanctity of contract."

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price was some way behind with a gain of 20% in June. This appears to have been driven by an encouraging funds under management (FUM) update from the struggling fund manager. In May, Magellan experienced net outflows of $0.5 billion. This reflects net retail outflows of $0.5 billion, with net institutional flows remaining flat. Investors may believe the FUM outflow bloodbath is now behind the company.

Credit Corp Group Limited (ASX: CCP)

The Credit Corp share price was on form and raced 16.2% higher last month. This is despite there being no news out of the debt collection company. However, by the end of May, its shares had lost almost a third of their value from their February high. Some investors may believe this left them in bargain territory.

AUB Group Ltd (ASX: AUB)

The AUB share price had a strong month and pushed 16.2% higher in June. Investors were buying the insurance broker's shares despite there being no major news out of it. One thing that did happen, though, was the completion of its $15 million share purchase plan. Demand was so strong that AUB received valid applications worth $37 million.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 recommended Aub Group. 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

4 ASX All Ords shares up 315% to 682% in a year!

Investors have sent these ASX All Ords shares flying higher. But why?

Read more »

Man standing on rock next to turquoise salt lagoon.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors enjoyed a great start to the trading week today.

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Share Gainers

Why Austal, Breville, Telix, and Westgold shares are pushing higher today

These shares are starting the week positively. But why?

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a rough Friday to close the trading week today.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Pointsbet, Qantas, Serko, and Yandal shares are pushing higher today

These shares are avoiding the market selloff today. But why?

Read more »

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best performing ASX 200 shares in October

Did you own the best performers on the index last month? Here they are.

Read more »

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors copped another rough session this Thursday.

Read more »

two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.
Resources Shares

Mineral Resources share price rockets 16% on $1.1 billion news!

ASX 200 investors appear thrilled with Mineral Resources' latest news.

Read more »