These were the best performing ASX 200 shares in April 2021

It certainly was a great month for the S&P/ASX 200 Index (ASX: XJO). The benchmark index had its best month of the year, rising 3.5% over the period to 7,025.8 points.

While a good number of shares rose with the market, some recorded particularly strong gains. Here’s why these were the best performers on the ASX 200 in April:

The Megaport share price was the best performer on the ASX 200 in April with a sizeable 29.7% gain. This was driven by the release of the elastic interconnection services provider’s third quarter update. For the three months ended 31 March, Megaport reported monthly recurring revenue (MRR) of $6.8 million. This was a lift of $0.5 million or 8% quarter-on-quarter and was driven by an increase in its…