The stock market in Australia has seen some incredible success stories, with some businesses attaining previously unheard-of levels of growth and profits. Although identifying a single “highest selling” stock in history is difficult, we can identify some of the best performers based on market effect and long-term gains.
Commonwealth Bank of Australia (ASX: CBA): Banking Behemoth
The Commonwealth Bank of Australia (CBA) stands as one of the nation’s most significant financial institutions. Recently, CBA’s stock reached an all-time high, climbing 49% over 12 months, despite global financial instability. This surge has made it the most expensive bank stock in history. CBA’s dominance in the ASX200 index and the trend of passive investing have attracted substantial capital inflows, further boosting its stock performance. newsnews+1news+1
CSL Limited (ASX: CSL): Biotech Powerhouse
CSL Limited, a global leader in biotechnology, has delivered extraordinary returns since its listing. Investors who participated in its 1994 IPO have seen their investments multiply significantly. For instance, a $10,000 investment at the time would now be worth over $1 million, excluding dividends. CSL’s consistent growth and innovation in the biotech sector have solidified its position as one of Australia’s most successful companies. Rask Media
Altium Limited (ASX: ALU): Tech Trailblazer
Altium Limited, a software company specializing in electronic design automation, has been a standout performer on the ASX. Over the past decade, Altium’s shares have returned a staggering 3,600%. A $5,000 investment ten years ago would now be worth around $180,000. The company’s transition to subscription-based revenue and consistent growth have contributed to its impressive performance. The Motley Fool Australia
a2 Milk Company (ASX: A2M): Dairy Disruptor
The a2 Milk Company has revolutionized the dairy industry with its unique A2 protein milk products. Since its listing, the company’s shares have experienced substantial growth. Investors who bought shares in 2015 have seen gains of over 3,000%. a2 Milk’s innovative approach and expanding market presence have made it one of Australia’s best-performing stocks in recent years. The Good Investors
Cochlear Limited (ASX: COH): Hearing Innovation Leader
Cochlear Limited, a pioneer in hearing implant technology, has demonstrated consistent growth since its listing in 1995. From an initial share price of $2.50, Cochlear’s stock has risen to around $283. The company’s commitment to innovation and global market expansion has solidified its status as a leading medical device company. The Australian
PolyNovo Ltd (ASX: PNV): Biomedical Breakthrough
PolyNovo, specializing in regenerative medicine, has achieved remarkable growth. A $5,000 investment in 2012 would now be worth approximately $187,000, reflecting a 3,730% return. The company’s NovoSorb BTM technology has gained international recognition, contributing to its impressive performance.