CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Top 3 ASX 200 stocks of 2019

As we move into 2020, we take a brief look at some of the top performing stocks on the ASX 200 during 2019.

ASX 200: the year that was

The year started off with a lull.

After all, markets around the globe came off their multi-year highs during the back-end of 2018. The ASX 200 dropped over 800 points from August to December 2018: Investors, speculators and traders thought the sky was falling.

2019 quickly erased such apocalyptic fears however: the ASX 200 rose more than 1200 points – or 22% – from January to December. The S&P 500 index did even better, gaining 29% – or 500 points.

In retrospect, the sky had done anything but fall, and those who sat on the sidelines likely missed out on some big moves. With that in mind, below we take a brief look at the three best performing ASX 200 stocks from 2019.

Avita Medical share price: +702%

It was a big year for Avita Medical (ASX: AVH), as the skin regeneration focused biotechnology company hit a number of key milestones.

Potentially explaining the 702% run up in Avita’s share price, the company achieved a nationwide North American launch in January 2019, recorded US sales of $10.8m (as of September 3) and received FDA approval for a ‘pivotal soft-tissue repair/trauma clinical trial.’

The company also saw its American depositary receipts commence trading on the NASDAQ, another milestone for the company.

Polynovo share price: +233%

Another ASX-listed biotech looking to radically improve the lives of people experiencing trauma, Polynovo’s cornerstone regenerative dermal product – NovoSorb BTM – has a variety of use cases across the medical space, including assisting with trauma, burns, the revision of scars and pressure injuries, among other uses.

Looking at near-term catalysts, Polynovo (ASX: PNV) was recently granted a certificate of conformance which allows the company to sell its cornerstone product in the UK, Ireland and the European Union. The Polynovo share price rose 27% on that news alone.

The market was also potentially impressed by the company’s current growth profile. As we previously wrote:

‘In the first-half of FY19 the company's sales came in at $3.7m. By the end of FY19, they had risen significantly, hitting $9.3m.’

Finally, looking towards another milestone, the company noted during its AGM that:

'With good profit margins and growing sales, we have good cash flow and a declining cash burn. We have previously stated that we will break even this year and we are close to that objective.'

EML Payments share price: +221%

Impressive top and bottom-line figures potentially underscore the tripling of EML Payment’s meteoritic share price rise during CY19.

Specifically, during the 2019 fiscal year EML Payments (ASX: EML) saw its Group GDV hit $9.03bn (+34%), its revenue reach $97.2m (+37%) and group earnings (EBITDA) hit $29.1m (+40%).

Investors may have also been drawn to the fact that a significant 87% of EML’s sales revenue was generated from recurring revenue streams.

With a market cap now in excess of $1.5bn, EML Payments was added to the ASX 200 just recently, replacing the now de-listed Bellamys, in the blue-chip index, on December 5.

Fortescue Metals Group and Magellan Financial Group were the next best performing stocks on the ASX 200 during CY19, rising 159% and 151%, respectively.

Practise trading Australian stocks with an IG demo account now

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.