S&P/ASX 200 Index (ASX: XJO) shares tumbled towards the weekâs end today, with the materials sector leading the downturn. The index closed 0.68% lower at 6,605.60 points.
It followed a rough session on Wall Street overnight. The S&P 500 Index (SP: .INX) slumped 0.3% in Thursdayâs session overseas while the Dow Jones Industrial Average Index (DJX: .DJI) fell 0.46%. Meanwhile, the Nasdaq Composite (NASDAQ: .IXIC) posted a slight gain of 0.03%.
The S&P/ASX 200 Materials Index (ASX: XMJ) plunged more than 3% on Friday, driven lower by commodity prices and quarterly earnings from Rio Tinto Limited (ASX: RIO).
Most base metals fell overnight. The price of nickel led the fall, slipping 8.3%, while gold futures fell 1.7% to US$1,705.80. Iron ore futures also disappointed, posting a 4.8% tumble to US$104.96.
Today wasnât all dire, however. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) recorded a gain of around 1%.
At the end of todayâs session, five of the ASX 200âs 11 sectors were in the green.
So, which ASX shares defied the downturn to post the biggest gains on Friday? Read on to find out.
Top 10 ASX shares countdown
The best performing share of the ASX’s 200 biggest companies by market capitalisation was none other than Genesis Energy Ltd (ASX: GNE).
The ASX-listed New Zealand electricity generator’s shares lifted around 4% on Friday. Take a look at what the company’s been up to here.
Todayâs top 10 biggest gains were made by these ASX shares:
ASX-listed company | Share price | Price change |
Genesis Energy Ltd (ASX: GNE) | $2.50 | 4.17% |
WiseTech Global Ltd (ASX: WTC) | $44.13 | 3.42% |
Metcash Limited (ASX: MTS) | $4.25 | 2.66% |
Latitude Group Holdings Ltd (ASX: LFS) | $1.60 | 2.56% |
National Storage REIT (ASX: NSR) | $2.25 | 2.27% |
Charter Hall Group (ASX: CHC) | $11.59 | 2.2% |
Growthpoint Properties Australia Ltd (ASX: GOZ) | $3.61 | 1.98% |
APA Group (ASX: APA) | $12.01 | 1.95% |
ResMed Inc (ASX: RMD) | $33.11 | 1.94% |
Stockland Corporation Ltd (ASX: SGP) | $3.80 | 1.88% |
Data as at 4.30pm 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 Fool.com.au 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
See The 5 Stocks
*Returns as of July 7 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Coles share price claims new 52-week high, could it still be a buy?
- Here are the 3 most heavily traded ASX 200 shares on Friday
- Why Ardent Leisure, Michael Hill, National Storage, and WiseTech shares are rising
- Australia’s unemployment rate is at a 48-year low. What’s this mean for ASX 200 shares?
- Why is the Newcrest share price slipping to a new 52-week low on Friday?
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear Ltd., ResMed Inc., and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET, ResMed Inc., and WiseTech Global. The Motley Fool Australia has recommended Cochlear Ltd. 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 https://ift.tt/zECp6yV