With the S&P/ASX 200 Index (ASX: XJO) down 2.9% this week, Australian investors may be looking for bright spots amid the broader market downturn. Despite the decline, three standout ASX 200 stocks have surged between 17% and 28% over the week, showcasing strong investor confidence and potential future growth.

So, which companies have delivered these impressive gains? Let’s take a closer look.

Nine Entertainment (ASX: NEC) Surges on Domain Holdings News

One of the biggest winners this week is Nine Entertainment Co. Holdings Ltd (ASX: NEC). The media giant saw its share price climb from $1.50 to $1.75, reflecting a 16.7% weekly gain.

The majority of this surge came on Friday when Nine Entertainment’s shares rose 21.5% intraday, driven by positive developments in its Domain Holdings Australia Ltd (ASX: DHG) investment.

Domain shares skyrocketed 40% after announcing an unsolicited, non-binding acquisition offer from CoStar Group, Inc. (NASDAQ: CSGP), valuing Domain at $2.7 billion. Nine Entertainment, the controlling shareholder of Domain, responded with a statement highlighting Domain’s strategic importance to its media ecosystem and long-term growth strategy.

With increased market attention on Domain’s valuation and Nine Entertainment’s role in the deal, investors appear optimistic about future growth.

Megaport (ASX: MP1) Rallies on Strong Financial Performance

The second major outperformer is Megaport Ltd (ASX: MP1), a leader in network-as-a-service (NaaS) solutions. Megaport’s shares climbed from $8.84 to $11.22, marking a 26.9% weekly increase.

The sharp rally was fueled by positive half-year results, which included:

• 18% YoY increase in annual recurring revenue, reaching $226.6 million.
• 12% revenue growth to $106.8 million.
• 12% rise in gross profit to $74.7 million.

Adding to investor confidence, Megaport upgraded its FY 2025 revenue guidance to a range of $216 million to $222 million, slightly increasing its previous estimates. With continued expansion in cloud connectivity and growing demand for scalable IT infrastructure, Megaport remains a stock to watch.

A2 Milk (ASX: A2M) Leads the Pack with Record Gains

Topping the list of ASX 200 outperformers this week is A2 Milk Company Ltd (ASX: A2M). Its shares jumped from $5.95 to $7.66, reflecting an impressive 28.7% weekly gain.

The surge came after A2 Milk reported robust half-year results, including:

• 10.1% revenue growth to NZ$893.8 million.
• 7.6% increase in net profit after tax (NPAT) to NZ$91.7 million.
• Announcement of its first-ever dividend of 8.5 New Zealand cents per share.

Additionally, A2 Milk upgraded its full-year FY 2025 revenue growth forecast from mid-to-high single-digit growth to low-to-mid double-digit growth, reinforcing strong future earnings potential.

Looking for More ASX Stock Opportunities?

While these three stocks have delivered exceptional returns in a challenging market, there are other promising ASX stocks worth considering.

To help Australian investors make informed decisions, we’ve compiled an exclusive Free Report on the Top 5 ASX Stocks to Buy in February 2025. This in-depth report highlights high-potential companies with strong fundamentals and growth prospects.

Download your free report today at freereport.pristinegaze.com.au and stay ahead of the market!

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