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These were the best performers on the ASX 200 last week


After a solid start to the week, the
S&P/ASX 200 Index (ASX: XJO) gave back its gains and finished the period ever so slightly lower. The benchmark index lost 2.8 points over the five days to finish it at 7,060.7 points.
That didn’t stop some shares from recording very strong gains over the week. Here’s why these were the best performing ASX 200 shares:
The Megaport share price was the best performer on the ASX 200 last week with a gain of 10.5%. The catalyst for this was the release of the elastic interconnection services provider’s third quarter update. Megaport reported monthly recurring revenue (MRR) of $6.8 million for the three months ended 31 March. This represents a lift of $0.5 million or 8% quarter-on-quarter and was driven by an increase in its footprint, ports, and customer numbers. UBS was happy with the update and retained its buy rating and lifted its price target to $17.10. ....

Scott Phillips , Rio Tinto Limited , Monadelphous Group Limited , Megaport Ltd , Reliance Worldwide Corporation Ltd , Champion Iron Ltd , Group Limited , Iron Ltd , Champion Iron , Worldwide Corporation Ltd , Reliance Worldwide , Motley Fool Share Advisor , ஸ்காட் பிலிப்ஸ் , ரியோ டின்டோ வரையறுக்கப்பட்டவை , நம்பகத்தன்மை உலகளவில் நிறுவனம் லிமிடெட் , சாம்பியன் இரும்பு லிமிடெட் , குழு வரையறுக்கப்பட்டவை , இரும்பு லிமிடெட் , சாம்பியன் இரும்பு , உலகளவில் நிறுவனம் லிமிடெட் , நம்பகத்தன்மை உலகளவில் ,