Top 10 Performing ASX 200 Stocks Over The 2019 Financial Year

18 July 2019
Wondering who lead the pack in the local stock market in the past financial year? We take a look at the top 10 performing ASX 200 stocks of FY2018-19.

The table below displays a snapshot of online share trading platforms on Canstar’s database for ‘casual investors’. Please note that these results are based on an average of 2 trades per month, are ordered by star rating and then by providers’ name alphabetically. Before investing, check upfront with your provider and read the PDS to confirm whether it meets your needs. 

1 ) Nearmap LTD (ASX:NEA) +240%

Number one on the list is Nearmap, a tech company that offer businesses subscription-based access to high-res aerial imagery which helps users to conduct virtual site visits. Nearmap reported strong half-year earnings, highlighting 46% year-on-year revenue growth which may have contributed to the company’s soaring share price.

ASX 200 top performing stocks FY18-19
Prepared by Canstar. Data from Yahoo Finance.

2) Clinuvel Pharmceuticals (ASX:CUV) +206%

Only recently been inducted into the S&P/ASX 200 index, following the June rebalance, this company made it just in time to be included on the list and hold the #2 spot, no less. Clinuvel Pharmaceuticals is a global bio-pharmaceutical company committed to developing drugs for the treatment of a range of severe genetic and skin disorders. The company’s significant share price gains could be attributed to the success of its SCENESSE product which was designed to treat those with a rare genetic disorder

3) Afterpay Touch Group (ASX:APT) +162%

It has been a busy year for ‘buy now, pay later’ payments group, Afterpay Touch, which announced plans to expand into the UK market after acquiring 90% of ClearPay Finance. In June, Afterpay also reported that they had over 4.3 million active customers and were growing at an average of roughly 7,900 customers per day since the beginning of the calendar year. Underlying sales were also up, growing by 143% in the space of a year.

4) Fortescue Metals Group Ltd (ASX:FMG) +134%

Fortescue Metal’s share price started to seriously tick upwards in January of this year had hasn’t looked back. The growth in the iron ore producer’s share price is likely linked to a rebound in global resources which has seen the price of commodities bounce back from a disappointing end to 2018. Additionally, the company’s February half-year results reported $842 millions in net profits which is a strong result for an Australian miner.

5) Magellan Financial (ASX:MFG) +127%

Magellan is a company that’s business is to invest in other companies and in turn generate wealth for their investors. Since the beginning of 2019, the company’s share price has skyrocketed. So, what caused this price boom?  According to Magellan’s half-yearly report, released in December 2018, the company’s net profit after tax increased by 62%, that may have caused investors to take note.

6) Appen Limited (ASX:APX) +107%

Appen is a tech company focuses on training machine learning data through human interactions, essentially helping improve the experience for customers and companies alike. 2019 has seen Appen’s share price climb steadily, in fact, it recently hit a record high of AU$27. The sudden rise in share price could be attributed to the falling Aussie dollar as the company earns most of its profits in US dollars.

7) Service Stream Limited (ASX:SSM) +96%

A provider of essential network services to the telecommunications, energy and water industries, Service Stream Limited’s share price has steadily grown over the past year, and this could be linked to favourable annual report for 2018. The company reported significant growth including a 45% increase in net profit after tax.  Additionally, the company saw an increase in earnings per share and dividends per share.

8) Austal Limited (ASX:ASB) +92%

Austal Limited is a global ship building company and a prime contractor for global defence agencies. Off the back of a strong half-year report and profit update, plus demand from the US Navy looking to expand its fleet, Austal Limited share price has surged in the past year.

9) Technology One Limited (ASX:XRO) +90%

Technology One produces financial software for businesses and government departments. Following a string of positive growth results in both March and May of 2019, the company’s share price has soared. In May, the company reported its tenth consecutive year of growth and a net profit of $24.5 million, up 130% from the previous year. Technology One also announced that it would increase its dividend by 10% to 3.15 cents per share – this may have piqued the interest of income investors looking for more bang for their buck.

10) Nanosonics (ASX:NAN) +78%

Another health stock that made strong gains in the past year is Nanosonics. The company focusses on delivering innovative technologies to improve the safety of patients, clinics and health workers exposed to infectious diseases. In February 2019, the health care specialist recorded a 221% increase in net profits and 36% increase in sales over the prior corresponding half-year period. This increase is likely due to the launch of Nanosonics latest disinfectant device Trophon 2.

Thinking of investing?

The past year has seen a number of stocks boom and reach new heights, which can be quite alluring for some investors. However, it is always best to do your research and bear in mind that past performance is not an indicator of future performance. Check out our article on how to pick stocks.

Figures are from 1/07/18 – 30/06/19 and taken from Yahoo Finance. 

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About Angus Kizil

Angus KizilAngus Kizil is a former Canstar content writer and research analyst specialising in wealth topics. He has a bachelor’s degree in Engineering and Commerce from the University of Queensland.

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