The S&P/ASX 200 Index (ASX: XJO) posted its best performance in more than two years on Tuesday. The index closed 3.75% higher at 6,699.30 points.
The gain came amid news that the Reserve Bank of Australia hiked interest rates by 0.25% in October – just half of what many market participants were expecting. It’s the sixth consecutive month in which the official cash rate has been raised. It now sits at 2.6%.
The S&P/ASX 200 Materials Index (ASX: XMJ) led the gains, posting a 4.6% increase. The mining sector was likely boosted by new forecasts from the federal government tipping commodity exports to hit another record high this fiscal year amid rocketing lithium prices.
On that note, the S&P/ASX 200 Energy Index (ASX: XEJ) lifted 3.9% on Tuesday after the government tipped demand for coal to continue while oil prices took off.
The Brent crude oil price gained 4.4% to US$88.86 a barrel on Monday while the US Nymex crude oil price rocketed 5.2% to US$83.63 a barrel.
At the end of today’s session, all 11 of the ASX 200’s sectors were in the green. But which share outperformed all others? Keep reading to find out.
Top 10 ASX 200 shares countdown
Today’s top performing ASX 200 share was lithium favourite Lake Resources N.L. (ASX: LKE). It gained 14.53% on Tuesday despite only silence from the company.
Today’s biggest gains were made by these shares:
| ASX-listed company | Share price | Price change |
| Lake Resources NL (ASX: LKE) | $1.025 | 14.53% |
| Sayona Mining Ltd (ASX: SYA) | $0.255 | 13.33% |
| Pilbara Minerals Ltd (ASX: PLS) | $5.11 | 12.31% |
| Capricorn Metals Ltd (ASX: CMM) | $3.47 | 11.94% |
| Core Lithium Ltd (ASX: CXO) | $1.185 | 11.79% |
| Silver Lake Resources Limited (ASX: SLR) | $1.285 | 10.78% |
| Allkem Ltd (ASX: AKE) | $14.49 | 9.94% |
| Chalice Mining Ltd (ASX: CHN) | $4.08 | 9.68% |
| West African Resources Ltd (ASX: WAF) | $1.035 | 9.52% |
| Liontown Resources Limited (ASX: LTR) | $1.59 | 9.28% |
Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.
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More reading
- RBA shock fuels the ASX 200 stock market rally… plenty of bargains on offer for beleaguered yet emboldened investors
- Why did the Lake Resources share price get smashed in September?
- Government tips Aussie lithium exports to surge 180%. Which ASX shares are in on the action?
- Why Allkem, Evolution, Paradigm, and Sayona Mining shares are zooming higher
- Why is the Core Lithium share price surging 7% today?
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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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