
With only a few hours of trade left before Friday's closing bell, the S&P/ASX 200 Index (ASX: XJO) is down 1.4% for the week, despite the best lifting efforts of these three surging ASX 200 stocks.
One of this week's top performers is a gaming company, one digs metals from the ground, while the third earns its keep in the technology space.
So, which stocks are leaping higher in this week's falling market?
Read on!
Capstone Copper enjoyed a strong run this week. Shares in the Canadian-based copper miner closed last week trading for $12.37 and are currently changing hands for $13.58 apiece. That sees this ASX 200 stock up a healthy 9.7%.
There was no fresh price-sensitive news out from Capstone Copper this week.
But the miner clearly caught investor interest earlier this week as strong ongoing global demand and limited new supplies sent copper prices north of US$14,021 per tonne. That put the red metal up 47% in a year and within a whisker of its all-time highs.
Copper is currently fetching US$13,939 per tonne.
Aristocrat Leisure also enjoyed a week of outperformance.
Shares in the gaming technology company closed last Friday trading for $46.83. At the time of writing, shares are trading for $51.52 each, putting this ASX 200 stock up 10% for the week.
Aristocrat shares closed up 13.3% on Wednesday following the release of the company's half-year (H1 FY 2026) results.
Highlights included a 6.4% year-on-year increase (in constant currency terms) in total revenue to $3.03 billion.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) of $1.32 billion were up 13.1% from H1 FY 2025.
And on the bottom line, Aristocrat reported a half-year net profit after tax and amortisation (NPATA) of $794 million, up 16% to $794.
Also catching investor interest, management increased Aristocrat's on-market share buyback program by $1 billion. The buyback was extended to 12 May 2027.
Which brings us to this week's top performing ASX 200 stock…
You're unlikely to hear any Megaport shareholders complaining this week.
Shares in the network-as-a-service solutions provider closed last Friday at $9.86 and are currently trading at $13.01 each. That sees this ASX 200 stock up a whopping 31.9% despite the broader market retrace.
Megaport shares closed up 27.7% on Thursday after the company announced three new contracts with two United States-based AI technology providers. The total contract value (TCV) works out to $254 million.
Commenting on the new contracts that sent Megaport shares flying higher, CEO Michael Reid said:
As use cases shift from AI foundation models to inference and the edge, Megaport is becoming an essential platform for powering the applications of tomorrow with globally distributed, automated infrastructure.
The post 3 ASX 200 stocks storming higher in this week's slumping market appeared first on The Motley Fool Australia.
Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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