Today, the S&P/ASX 200 Index (ASX: XJO) suffered a brutal selloff, mirroring the selling pressure on Wall Street last night. At the end of the session, the benchmark index finished 2.74% lower at 7,358.3 points.
In complete contrast to the Aussie market’s first session of the year, today was a sea of red. Not a single sector was unable to escape a more bearish sentiment across the ASX on Thursday. The effect was further exaggerated for tech investors, with the sector tumbling 6.4% — its worst one-day session since February last year. Meanwhile, shares in the materials sector stayed the sturdiest, despite also falling 1.45%.
However, the question is: which shares delivered the biggest returns to investors on the ASX today? It is a challenging question to pose on such days. Fortunately, there were still a handful of companies that stayed in the green.
Here are the top ten stocks that came through for investors:
Top 10 ASX shares countdown today
Looking at the top 200 listed companies, Latitude Group Holdings Ltd (ASX: LFS) was the biggest gainer today. Shares in the financial services provided rose 1.78% after announcing its intent to acquire the consumer finance business of Humm Group Ltd (ASX: HUM) for $335 million. Find out more about Latitude Group here.
The next biggest gaining ASX share today was Zimplats Holdings Ltd (ASX: ZIM). The platinum group metals mining company moved 1.73% higher despite there being no announcements. Uncover the latest Zimplats details here.
Today’s top 10 biggest gains were made in these ASX shares:
|ASX-listed company||Share price||Price change|
|Latitude Group Holdings Ltd (ASX: LFS)||$2.00||1.78%|
|Zimplats Holdings Ltd (ASX: ZIM)||$23.50||1.73%|
|Rio Tinto Ltd (ASX: RIO)||$101.21||0.73%|
|OZ Minerals Ltd (ASX: OZL)||$28.95||0.59%|
|Clinuvel Pharmaceuticals Ltd (ASX: CUV)||$26.88||0.41%|
|Ausnet Services Ltd (ASX: AST)||$2.56||0.39%|
|Medibank Private Ltd (ASX: MPL)||$3.40||0.30%|
|Mercury NZ Ltd (ASX: MCY)||$5.95||0.17%|
|BHP Group Ltd (ASX: BHP)||$42.68||0.12%|
|Summerset Group Holdings Ltd (ASX: SNZ)||$12.99||0.08%|
Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.
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- Why BHP, Clinuvel, Latitude, and Peet shares are pushing higher
- ASX 200 (ASX:XJO) midday update: Afterpay sinks again, BHP and Rio rise
- Latitude (ASX:LFS) share price higher on $335m Humm BNPL acquisition
- Humm (ASX:HUM) share price shoots 8% higher after BNPL takeover approach
- ASX 200 tech shares on watch after Nasdaq selloff
Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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