RHC, GNC, AMP: Why these 3 ASX 200 stocks were April’s best performers

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RHC, GNC, AMP: Why these 3 ASX 200 stocks were April’s best performers

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RHC, GNC, AMP: Three best ASX 200 performers in April
Image source: ©Miflippo | Megapixl.com

Highlights

  • The ASX 200 ended April with a fall of 0.9%.

  • The month saw majority of the ASX-listed shares trading on a weak note.

  • However, there were some notable exceptions, which could be tracked closely in May.

The Australian share market ended April on a muted note, shedding 0.9% of its value to end at 7,435 points. The month saw most of the ASX-listed shares trading on a weak note. However, there were some notable exceptions, which managed to stay in the green and provide some gains to investors. There were shares which gave as high as 24% returns to their shareholders during the period under review. Investors would track these stocks closely in May too, as the benchmark index continues to trade on an uncertain note.

On this note, let’s discuss three best performing shares on the ASX 200 in April (31 March to 29 April):

Ramsay Health Care Ltd (ASX:RHC)

Ramsay Health Care is an Australian multinational healthcare provider and hospital network.

The healthcare stock was the best performer in April with a significant gain of 24.5%. The stock has been in focus ever since the company confirmed a takeover offer from a consortium led by private equity group KKR. The consortium had offered a bid of AU$88 per share, representing a premium of 36.7%.

Meanwhile, Ramsay Health Care’s net profit fell sharply for the nine months to March 2022. The company’s net profit after tax (NPAT) declined nearly 40% to AU$201.6 million during the period.

GrainCorp Ltd (ASX:GNC)

GrainCorp is into receiving and storage of grain and related commodities.

The GNC share price jumped 21.7% during the period under review despite no major price sensitive news from the grain exporter. However, investors are upbeat about the company after it upgraded its earnings guidance for FY2022. Another factor working in favour of GNC is that global grain prices have also hit their 25-year highs in the recent weeks.

AMP Ltd (ASX:AMP)

AMP is a financial services company in Australia and New Zealand providing superannuation and investment products, financial advice, and banking products including home loans and savings accounts.

The financial stock gained 20.2% in April. The share price surged following announcements related to sale agreements for its private markets business, Collimate Capital. The company announced the sale of its global infrastructure equity business to DigitalBridge for up to AU$699 million.

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