Here are the top 10 ASX 200 shares today

The S&P/ASX 200 Index (ASX: XJO) gained on Tuesday as the Reserve Bank of Australia (RBA) hiked interest rates once more. The index closed 1.65% higher at 6,976.9 points.

The RBA lifted the nation’s cash rate by 0.25% to 2.85% at its November meeting in a bid to crush soaring inflation. That was in line with the more dovish prediction thrown around by analysts, with others tipping a 0.5% hike.

The Australian consumer price index (CPI) rose to a 32-year high of 7.3% in the September quarter.  

And the RBA doesn’t appear to be done yet. It flagged further rate hikes in coming months while inflation is forecast to peak at around 8% later this year.

Back to the market, the S&P/ASX 200 Materials Index (ASX: XMJ) led the way today, gaining 2.6%.

The S&P/ASX 200 Energy Index (ASX: XEJ) was hot on its tail, lifting 2.1% despite falling oil prices.

The Brent crude oil price fell 1% to US$94.83 a barrel on Monday while the US Nymex crude oil price dropped 1.6% to US$86.53 a barrel.  

The S&P/ASX 200 Utilities Index (ASX: XUJ) and the S&P/ASX 200 Real Estate Index (ASX: XRE) both also outperformed, lifting 2.5% and 2.1% respectively.

At the end of Tuesday’s trade, all 11 of the ASX 200’s sectors were higher. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

The top-performing ASX 200 share today was none other than Imugene Limited (ASX: IMU).

Stock in the healthcare favourite jumped another 11% today, adding to the 6% surge it posted on Monday on the back of a clinical trial update.

Today’s biggest gains were made by these shares:

Our top 10 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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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 MEGAPORT FPO and PINNACLE FPO. The Motley Fool Australia has positions in and has recommended PINNACLE FPO. The Motley Fool Australia has recommended MEGAPORT FPO. 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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