Here are the top 10 ASX shares today

Top 10 - asx shares todayTop 10 - asx shares today

Today, the S&P/ASX 200 Index (ASX: XJO) finished the week with a bang, paring back half of the week’s losses. At the end of the session, the benchmark index finished a sizeable 1.93% higher at 7,075.1 points.

A backdrop of buying on the US market last night spilled over into ASX shares today. Taking centre stage amid the buying frenzy on Friday were tech shares, with the sector soaring 7%. Other sectors making the most of the rally were real estate and healthcare. By the end of the day, investors were hard-pressed to find a company in the red.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Block Inc (ASX: SQ2) was the biggest gainer today. Shares in the fintech giant exploded 15.00% after analysts at Wolfe Research noted their belief that the Block share price had been oversold. Find out more about Block here.

The next best performing ASX share across the market today was Xero Ltd (ASX: XRO). The cloud accounting platform provider experienced a 9.44% surge in its share price today. It appears market participants looked upon the company more fondly amid firming across the tech sector. Uncover the latest Xero details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company Share price Price change
Block Inc (ASX: SQ2) $114.88 15.00%
Xero Ltd (ASX: XRO) $84.16 9.44%
Link Administration Holdings Ltd (ASX: LNK) $4.42 8.87%
Event Hospitality and Entertainment Ltd (ASX: EVT) $14.85 8.39%
Wisetech Global Ltd (ASX: WTC) $41.02 7.27%
Magellan Financial Group Ltd (ASX: MFG) $15.79 7.27%
Altium Ltd (ASX: ALU) $27.00 7.14%
Yancoal Australia Ltd (ASX: YAL) $5.62 6.84%
Viva Energy Group Ltd (ASX: VEA) $2.83 6.39%
Netwealth Group Ltd (ASX: NWL) $12.85 5.76%
Data as at 4:00 AEST

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 after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

Motley Fool contributor Mitchell Lawler has positions in Block, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, Block, Inc., Link Administration Holdings Ltd, Netwealth, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Block, Inc., Netwealth, WiseTech Global, and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s