After coming tantalisingly close to its all-time high on Friday, the S&P/ASX 200 Index (ASX: XJO) likely disappointed many market watchers by starting the week in the red. The index fell 0.25% today to close at 7,539 points.
Its biggest weight? The S&P/ASX 200 Real Estate Index (ASX: XRE).
The sector fell 1.95% on the eve of the Reserve Bank of Australiaâs (RBAâs) February meeting where itâs expected to hike rates once more following last monthâs unexpectedly stubborn inflation data.
Interestingly, however, the S&P/ASX 200 Energy Index (ASX: XEJ) was todayâs best-performing sector, rising 0.9% despite lower oil prices.
The price of Brent crude dropped 2.7% on Friday to close the week 7.8% lower at US$79.94 a barrel, while US Nymex crude oil fell 3.3% on Friday, marking a 7.9% week-on-week fall that saw it end at US$73.39 a barrel.
But it wasnât an energy stock that topped the lot today. Letâs take a look at the 10 ASX 200 shares posting the biggest gains on Monday.
Top 10 ASX 200 shares countdown
Starting the week out on the best foot was gold mining giant Newcrest Mining Ltd (ASX: NCM).
Its share price soared 9% to close at $24.53 amid a takeover offer from world leader Newmont Corporation (NYSE: NEM).
These shares made todayâs biggest gains:
| ASX-listed company | Share price | Price change |
| Newcrest Mining Ltd (ASX: NCM) | $24.53 | 9.27% |
| Beach Energy Ltd (ASX: BPT) | $1.54 | 3.7% |
| Incitec Pivot Ltd (ASX: IPL) | $3.53 | 3.22% |
| Whitehaven Coal Ltd (ASX: WHC) | $8.46 | 2.92% |
| Link Administration Holdings Ltd (ASX: LNK) | $2.04 | 2.77% |
| New Hope Corporation Limited (ASX: NHC) | $5.94 | 2.59% |
| TPG Telecom Ltd (ASX: TPG) | $4.80 | 2.56% |
| Computershare Limited (ASX: CPU) | $24.59 | 2.42% |
| Coronado Global Resources Inc (ASX: CRN) | $2.12 | 2.42% |
| AUB Group Ltd (ASX: AUB) | $24.67 | 2.15% |
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
- Here are the 3 most heavily traded ASX 200 shares on Monday
- Why is the ARB share price beating the ASX 200 today?
- Why Beach, Newcrest, Patriot Battery Metals, and Warrego Energy shares are rising
- Why top brokers say surge in CSL share price will continue
- Will Newmont offer more for Newcrest shares?
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 Link Administration. The Motley Fool Australia has recommended Aub Group and Tpg Telecom. 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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