The top 3 ASX 200 stocks to buy and hold in November revealed

These three ASX 200 stocks led the charge higher in November. Own any?

| More on:
Smiling young parents with their daughter dream of success.

Images 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) gained a respectable 3.8% in November, but these three soaring ASX 200 stocks left those gains wanting.

One of the high-flying companies is a travel stock, while the other two operate in the healthcare sector.

And November was a great month to hold all three.

Which companies are we talking about?

Read on!

The three best ASX 200 stocks to own in November

Coming in at number three, we have travel industry company Web Travel Group Ltd (ASX: WEB).

Shares in the ASX 200 stock closed out October trading for $4.03. When the closing bell rang on Friday 29 November, shares were changing hands for $5.15 apiece, up 27.8%.

As you're likely aware, Web Travel recently spun off its online travel agency business, Webjet Group (ASX: WJL). Webjet began trading as an independent entity on 23 September. And if you're wondering, the Webjet share price gained 9.0% in November.

The Web Travel share price trended higher for much of the month. But the biggest boost came on 27 November.

Investors sent the ASX 200 stock up 13.5% on the day, following the release of the company's half-year results.

Highlights from those results included a 23% year on year increase in bookings over the six months to 4.3 million. And total transaction value (TTV) was up 25% to $2.59 billion. Revenue growth of 1%, to $170.4 million, lagged these metrics, impacted by weaker margins.

Moving on to the second-best ASX 200 stock performer in November, we have health imaging company Pro Medicus Ltd (ASX: PME). The Pro Medicus share price closed out October at $194.83 and finished off November at $251.89. That saw shareholders realise a tidy 29.3% monthly gain.

Like Web Travel, Pro Medicus shares trended higher for most of November, with some outsized gains delivered near the end of the month.

The biggest single-day gains were delivered on 28 November, when shares closed up 8.7%. That surge followed news that Pro Medicus' United States subsidiary, Visage Imaging, had signed a 10-year $330 million contract with Trinity Health.

"Our pipeline remains strong and spans all market segments," Pro Medicus CEO Sam Hupert said on the day, further stoking investor interest.

Which brings us to the top-performing ASX 200 stock in November, pharmacy chain operator and distributor Sigma Healthcare Ltd (ASX: SIG).

On 31 October, you could have snapped up Sigma Healthcare shares for $1.96 each. At market close on 29 November, those same shares were trading for $2.89, up a blistering 47.4%.

This strong performance was spurred on 7 November, when investors learned that the Australian Competition & Consumer Commission (ACCC) would not oppose the company's proposed merger with Chemist Warehouse.

The ASX 200 stock closed up 24.9% on the day of that announcement.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. 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

Market up or down
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough end to the week...

Read more »

Man in an office celebrates at he crosses a finish line before his colleagues.
Share Gainers

4 ASX 200 shares racing ahead of the benchmark this week

ASX investors sent these four stocks soaring 12% to 18% this week. But why?

Read more »

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

Why BHP, Coronado Global, EBR Systems, and Whitehaven Coal shares are pushing higher today

These shares are ending the week on a positive note. Let's find out why.

Read more »

a young woman looks happily at her phone in one hand with a selection of shopping bags in her other hand.
BNPL shares

Up 87% since April, why the Zip share price can keep flying higher into 2026

A leading fund manager expects more outsized gains from Zip shares ahead.

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 miserly session for investors today.

Read more »

Happy coal miner.
Share Gainers

Up 75% this week, why is this ASX All Ords stock rocketing again today?

Investors are piling into this ASX 300 stock on Wednesday. But why?

Read more »

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

It was a bountiful session for investors this hump day.

Read more »

Man looking happy and excited as he looks at his mobile phone.
Share Gainers

Why Coronado, DroneShield, Lovisa, and Mayne Pharma shares are racing higher today

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

Read more »