Although the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished the week on a disappointing note on Friday, the benchmark index still managed to carve out a solid 2.8% gain over the week.
While the majority of shares on the ASX 200 posted gains for the period, some stood out with impressively strong gains.
The best performers on the index last week were as follows:
The Emeco Holdings Limited (ASX: EHL) share price was the best performer on the ASX 200 last week with a 19% gain. This has been quite a turnaround for the earthmoving equipment hire company as it was actually the worst performer on the index the previous week. That selloff was driven by the release of weak manufacturing data which appeared to show the trade war was having a negative impact on China’s economic growth. So news that U.S. and China trade talks have been going well unsurprisingly caused its shares to rebound this week.