The S&P/ASX 200 Index (ASX: XJO) fell on Tuesday amid the Reserve Bank of Australiaâs latest rate hike. The index closed the day 0.47% lower at 7,291.3 points.
The central bank put forward an eighth consecutive rate hike today in yet another bid to tackle inflation, which sat at 6.9% at last count. The benchmark interest rate is now 0.25% higher at 3.1%.
Weighing heaviest on the ASX today was the S&P/ASX 200 Information Technology Index (ASX: XIJ). It slumped 2%. Thatâs perhaps unsurprising given rate hikes are particularly hard on non-profitable companies â a brief many of the marketâs favourite tech stocks fit.
The S&P/ASX 200 Energy Index (ASX: XEJ), meanwhile, lifted 0.1% despite falling oil prices.
The Brent crude oil price fell 3.4% to US$82.68 a barrel, while the US Nymex crude oil price dropped 3.8% to US$76.93 a barrel.
The S&P/ASX 200 Materials Index (ASX: XMJ) slipped 0.8% today, while the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) and the S&P/ASX 200 Utilities Index (ASX: XUJ) lifted 0.2% and 0.5% respectively.
All in all, four of the ASX 200âs 11 sectors closed higher today. But which stock took out todayâs top spot? Keep reading to find out.
Top 10 ASX 200 shares countdown
Coal favourite Whitehaven Coal Ltd (ASX: WHC) led the way today, gaining 2.7%. That’s despite no news having been released by the company.
Todayâs biggest gains were made by these shares:
| ASX-listed company | Share price | Price change |
| Whitehaven Coal Ltd (ASX: WHC) | $9.81 | 2.72% |
| Fletcher Building Limited (ASX: FBU) | $4.77 | 2.58% |
| Coronado Global Resources Inc (ASX: CRN) | $2 | 2.56% |
| Orica Ltd (ASX: ORI) | $14.92 | 2.33% |
| Nufarm Ltd (ASX: NUF) | $6.18 | 2.15% |
| New Hope Corporation Limited (ASX: NHC) | $5.77 | 2.12% |
| IPH Ltd (ASX: IPH) | $8.75 | 1.74% |
| Medibank Private Ltd (ASX: MPL) | $2.93 | 1.74% |
| A2 Milk Company Ltd (ASX: A2M) | $6.39 | 1.59% |
| Virgin Money UK CDA (ASX: VUK) | $3.23 | 1.57% |
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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More reading
- 7% dividend yield! One ASX 200 share to buy in December and hold for 10 years
- Here are the 3 most heavily traded ASX 200 shares on Tuesday
- Here’s why the Beach Energy share price is diving 6% on Tuesday
- Why Domino’s, New Hope, PolyNovo, and Telstra shares are pushing higher today
- What’s in store for the Woolworths share price in December?
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 recommended Iph. The Motley Fool Australia has recommended A2 Milk and Iph. 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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