Not all ASX 200 shares are getting hammered today. Here are some winners

The S&P/ASX 200 Index (ASX: XJO) is suffering a major sell-off on Monday, tumbling 1.41% at the time of writing. But not all ASX 200 shares are diving lower.

The market is struggling after a disastrous Friday on Wall Street that saw the Dow Jones Industrial Average Index (DJX: .DJI) plunge 1.6% and the S&P 500 Index (SP: .INX) fall 1.7%. The Nasdaq Composite Index (NASDAQ: .IXIC) was the worst hit, however, tumbling 1.8%.

Meanwhile, growing recession fears are seemingly weighing on the S&P/ASX 200 Materials Index (ASX: XMJ), dragging it 4.6% lower at the time of writing. The S&P/ASX 200 Energy Index (ASX: XEJ) also appears to be being dragged down 5.59% by such fears, in addition to falling oil prices.

But it’s not all dire on the Aussie bourse. Keep reading to find out which ASX 200 shares are bucking the broader trend to post notable gains on Monday.

These ASX 200 shares are posting decent gains on Monday

Despite a rough trade on the tech-heavy NASDAQ, the share price of ASX 200 tech icon Block Inc (ASX: SQ2) is taking off on Monday.

Stock in the owner of former market darling Afterpay has lifted 2.17% to trade at $86.03 right now. It marks the first session in which the payment services provider has posted a gain in a fortnight, with the stock currently trading 21% lower than it was two weeks ago.

The ResMed Inc (ASX: RMD) share price is also in the green today. It’s up 2.3% to $32.78 right now despite the company’s silence.

The ASX 200 healthcare giant has also had a rough trot as of late – its shares have fallen around 6% from the six-month peak it reached on 14 September.

And it’s not the only healthcare stock posting a gain today. The Cochlear Limited (ASX: COH) share price is up 1.9% to $200.30 right now.

Meanwhile, S&P/ASX 200 Consumer Staples Index (ASX: XSJ) stock Treasury Wine Estates Ltd (ASX: TWE) is lifting 1.3% today to trade at $12.71.

In a similar fashion to ResMed and Block before it, the Treasure Wines share price surged to an 18-month high of $13.68 earlier this month.

Finally, taking out the top spot on the ASX 200 right now is tech share Altium Limited (ASX: ALU). It’s gaining 4.1% right now to trade at $35.30.

Interestingly, there’s been no news from the company since it posted its full-year earnings last month. Though, its stock is still trading 17% higher than it was prior to its earnings release.

The post Not all ASX 200 shares are getting hammered today. Here are some winners appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares
• Experts names the blue chip ASX 200 shares to buy
• Why Block, Brainchip, Domino’s, and Vulcan shares are sinking today
• Here’s why the Block share price is being smashed today
• Experts name 2 outstanding ASX 200 shares to buy right now

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 Altium, Block, Inc., Cochlear Ltd., and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended Block, Inc. and ResMed Inc. The Motley Fool Australia has recommended Cochlear Ltd. and Treasury Wine Estates 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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