These were the best performing ASX 200 shares last week 12 December 2020

Last week the S&P/ASX 200 Index (ASX: XJO) fought hard and was able to extend its winning streak to six consecutive weeks. The benchmark index rose 0.1% to finish the period at 6,642.6 points.

While a number of shares climbed higher with the market, some recorded stronger gains than others.

Here’s why these were the best performers on the ASX 200 over the period:

The IGO share price was the best performer on the index last week with a 24.2% gain. Investors were buying this nickel producer’s shares after it completed its institutional placement and entitlement offer. IGO raised a total of $707 million at a 9.7% discount of $4.60 in order to expand into the lithium market. The company has signed an agreement to acquire a 49%…