Today, the S&P/ASX 200 Index (ASX: XJO) mimicked the solid performance witnessed on Wall Street last night. This move was sustained despite Australian wage growth data coming in under expectations. At the end of the session, the benchmark index finished 0.99% higher at 7,182.7 points.
On another day of green markets, materials were the sector crossing the finish line with the best performance with a gain of 2.5%. Following closely behind were solid rallies across tech, real estate, and industrials.
The root cause behind today’s strength might be a consequence of US data showing a 0.9% uplift in retail spending last night. Though, tomorrow we will see how markets react to the UK inflation rate hitting a 40-year high of 9%.
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, Mercury NZ Ltd (ASX: MCY) was the biggest gainer today. Shares in the renewable electricity generator climbed 5.99% despite there being no new announcements hitting the market. Find out more about Mercury NZ here.
The next best performing ASX share across the market today was Summerset Group Holdings Ltd (ASX: SNZ). The retirement village operator received a 5.98% boost to its share price today without any news to fuel the optimism. Uncover the latest Summerset Group Holdings details here.
Today’s top 10 biggest gains were made in these ASX shares:
|ASX-listed company||Share price||Price change|
|Mercury NZ Ltd (ASX: MCY)||$5.31||5.99%|
|Summerset Group Holdings Ltd (ASX: SNZ)||$9.93||5.98%|
|Champion Iron Ltd (ASX: CIA)||$7.37||5.29%|
|Paladin Energy Ltd (ASX: PDN)||$0.71||5.19%|
|South32 Ltd (ASX: S32)||$4.70||5.15%|
|Corporate Travel Management Ltd (ASX: CTD)||$22.39||5.07%|
|Flight Centre Travel Group Ltd (ASX: FLT)||$2.40||4.80%|
|Seven Group Holdings Ltd (ASX: SVW)||$21.20||4.74%|
|Mineral Resources Ltd (ASX: MIN)||$19.64||4.52%|
|Lynas Rare Earths Ltd (ASX: LYC)||$60.77||4.49%|
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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Motley Fool contributor Mitchell Lawler has positions in Lynas Corporation Limited. 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 Corporate Travel Management Limited and Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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