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Best performing stocks on the ASX in 2023 (Updated weekly)

We've collected the top performing stocks in Australia so that you don't need to.

Looking for the best performing stocks in Australia? We update this guide every Monday with the 10 top performing stocks on the Australian Securities Exchange (ASX) over the past week.

We also display updated performance data from the last 12 months and 5-year period.

How did we get this list?

We scan the performance data of all ASX-listed stocks to find the 10 best performing each week.

To exclude some of the more volatile penny stocks, only stocks with market capitalisations of more than $500 million are included.

Before you dive in, it's important to be aware that past performance is no guarantee of future success. A great performing stock might decline in the future. So you should always do your research and look at your own individual needs and investment strategy to decide what stock is right for you.

Best performing stocks on the ASX

Stock list last update Dec 4, 2023.


Iress Limited (IRE.AU)

Iress Limited engages in the designing and developing software and services for the financial services industry in Australia, New Zealand, Asia, the United Kingdom, Europe, South Africa, and North America. It offers client management, business automation, portfolio data, research, financial planning tools, scaled advice journeys, digital client solutions, data-driven compliance and analytics, and regulatory obligations management solutions; and market data, trading interfaces, order and execution management, smart order routing, FIX services, portfolio management, securities lending, analytical tools, algorithmic trading, market making, CFD clearing, post trade solutions, and trading and market data APIs.
  • Market cap: A$1.375 billion
  • YTD performance: -24.71%
  • 1-year performance: 60.8%
  • 5-year performance: 60.8%
  • Headquarters: Australia

Temple & Webster Group Ltd (TPW.AU)

Temple & Webster Group Ltd engages in the online retail of furniture, homewares, and home improvement products in Australia. The company operates the Temple & Webster online platform, which offers approximately 200,000 products.
  • Market cap: A$1.031 billion
  • YTD performance: -27.86%
  • 1-year performance: 150.93%
  • 5-year performance: 774.2%
  • P/E ratio: 122.87
  • Headquarters: Australia

Contact Energy (CEN.AU)

Contact Energy Limited generates and sells electricity and natural gas in New Zealand. It operates through two segments, Wholesale and Retail.
  • Market cap: A$6.3 billion
  • YTD performance: -15.36%
  • 1-year performance: 6.6%
  • 5-year performance: 54.36%
  • P/E ratio: 53.4
  • Headquarters: Australia

Unibail Rodamco Westfield (URW.AU)

Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States. The Group operates 74 shopping centres in 12 countries, including 39 which carry the iconic Westfield brand.
  • Market cap: A$13.571 billion
  • YTD performance: 1.77%
  • 1-year performance: 48.72%
  • 5-year performance: 110.13%
  • P/E ratio: 3.4
  • Headquarters: Australia

IMDEX (IMD.AU)

Imdex Limited, together with its subsidiaries, provides drilling optimization products and sensors for the minerals industry in the Asia-Pacific, Africa, Europe, and the Americas. The company sells and rents drilling optimization products, including drilling fluids, solids removal units, remote fluid management, rig alignment technologies, and directional drilling technologies; and rents rock knowledge sensors, which include down hole survey, core orientation, gamma logging, and structural orientation sensors.
  • Market cap: A$947.064 million
  • YTD performance: 14.12%
  • 1-year performance: 38.58%
  • 5-year performance: 138.04%
  • P/E ratio: 23.33
  • Headquarters: Australia

Premier Investments (PMV.AU)

Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe. It operates through two segments, Retail and Investment.
  • Market cap: A$4.005 billion
  • YTD performance: 9.81%
  • 1-year performance: 32.82%
  • 5-year performance: 200.7%
  • P/E ratio: 14.74
  • Headquarters: Australia

Reliance Worldwide Corporation Ltd (RWC.AU)

Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers plumbing solutions comprising brass and plastic push-to-connect plumbing fittings, other fittings, pipes, valves, and integrated installation solutions; appliance installations solutions, such as fluid tech and appliance installation and repair services; and other products.
  • Market cap: A$3.129 billion
  • YTD performance: -3.89%
  • 1-year performance: 39.09%
  • 5-year performance: 128.33%
  • P/E ratio: 14.75
  • Headquarters: Australia

Tuas (TUA.AU)

Tuas Limited owns and operates mobile network in Singapore. It also offers mobile telecommunications services, including data, voice, SMS, roaming, and other services.
  • Market cap: A$1.233 billion
  • YTD performance: 263.02%
  • 1-year performance: 123.63%
  • 5-year performance: 457.9%
  • Headquarters: Australia

Perenti Global Ltd (PRN.AU)

Perenti Limited operates as a mining services company worldwide. It operates through Contract Mining " Surface, Contract Mining " Underground, and Mining Services and idoba segments.
  • Market cap: A$1.076 billion
  • YTD performance: -18.34%
  • 1-year performance: 15.23%
  • 5-year performance: 122.55%
  • P/E ratio: 8.06
  • Headquarters: Australia

Neuren Pharmaceuticals Ltd (NEU.AU)

Neuren Pharmaceuticals Limited, a biopharmaceutical company, develops drugs for the treatment of neurological disorders. Its lead product is trofinetide, which is in Phase III clinical trial for the treatment of Rett syndrome, as well as has completed Phase II clinical trial to treat Fragile X syndrome.
  • Market cap: A$2.076 billion
  • YTD performance: 1130.36%
  • 1-year performance: 131.82%
  • 5-year performance: 1496.97%
  • P/E ratio: 36.95
  • Headquarters: Australia

You can buy these best performing shares from a platform below

1 - 6 of 6
Name Product Price per trade Inactivity fee Asset class International
eToro
Finder AwardExclusive
eToro
$0
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Yes
CFD service. Capital at risk.
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
CMC Invest
Finder Award
CMC Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, mFunds, ETFs
Yes
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 35,000 products, including shares, crypto, ETFs and managed funds, with access to 15 major global and Australian stock exchanges. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
Moomoo Share Trading
US$0.99
$0
ASX shares, Global shares, US shares, ETFs
Yes
Finder exclusive: Get an additional 30 days on top of the regular brokerage-free period for new accounts (see link for details). T&Cs apply. Please note that additional pass-through fees and foreign exchange conversion spreads may also apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.
Tiger Brokers
US$2
$0
ASX shares, Global shares, US shares, ETFs
Yes
Finder exclusive: Get 10 brokerage-free trades for the US or ASX market for the first 180 days and US$50 fractional shares when you deposit at least US$500. Plus, all new customers get 1 free trade per month for the first 12 months (T&Cs apply).
Get one brokerage-free trade per month for the first 12 months for US or ASX markets. T&Cs apply.
Webull
US$0.25
$0
ASX shares, Options trading, US shares, ETFs
Yes
Earn US$100 in cash vouchers when you fund your new account and maintain a minimum balance of US$2,000 by Dec 29 until March 31, 2024. Plus, earn up to 5.3% p.a. interest on your US cash account (T&Cs apply).
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
IG Share Trading
Finder Award
IG Share Trading
US$0
$0
ASX shares, Global shares, US shares, UK shares, ETFs
Yes
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian and international shares, plus get access to 24-hour customer support.
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Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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