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The iconic S&P/ASX 200 Index (ASX: XJO) has suffered through 2022 so far, dumping 10.35% year to date. Although, some whopping gains have been posted by ASX 200 shares in that time.
If you ever need a reminder of the power that investing can hold, you’ve come to the right place.
If an investor were to have put $10,000 into these two ASX 200 shares at the start of this year, their holdings would have a value of $34,000, before dividends, as of Tuesday’s close.
So, without further ado, let’s look at the ASX 200 shares rewarding investors in 2022.
ASX 200 shares that have turned $10,000 into $35,000
While the broader market has struggled to stay afloat in 2022, these ASX 200 shares have been roaring higher.
If an investor had sunk $5,000 into these ASX 200 shares at their intraday low on the first day of 2022, here’s what their investment would have looked like at Tuesday’s close:
The Whitehaven Coal share price is the ASX 200’s best performer of this year, while that of New Hope takes silver.
After hitting a low of $2.745 on the first trading day of 2022, the Whitehaven Coal share price closed Tuesday’s session at $10.41. Likewise, New Hope has lifted from its 4 January low of $2.29 to end yesterday’s session at $6.91.
That means a shareholder who bought $5,000 worth of each of the companies’ shares then would have held a parcel worth $34,049 yesterday evening.
In addition to that, they would have received $874 worth of dividends from their Whitehaven shares and another $655 of dividends from their New Hope holdings this year.
That means that a $10,000 investment would have returned a total value of $35,578, before any potential benefits from franking credits. Not too shabby at all.
Is there more upside to come?
Both coal producers’ shares have been driven higher amid surging coal prices. The black rock’s value is directly tied to the companies’ bottom lines.
With Australia’s coal exports tipped to reach new records in financial year 2023, these ASX 200 shares could be in for further gains.
However, other experts warn higher Chinese coal production could weigh on the material’s value despite surging European demand, as my Fool colleague Monica reports.