The S&P/ASX 200 Index (ASX: XJO) followed Tuesdayâs pop with an 1.06% drop on Wednesday, falling to close at 7,352.2 points.
It came amid a deluge of earnings from some of the marketâs biggest names including Wesfarmers Ltd (ASX: WES), Commonwealth Bank of Australia (ASX: CBA), Cochlear Limited (ASX: COH), and Fortescue Metals Group Limited (ASX: FMG).
Weighing on the market today was the massive S&P/ASX 200 Financials Index (ASX: XFJ). It tumbled 3.4% as the big four banks weighed heavily, led by the CBA share priceâs 5.7% fall.
The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) also had a rough session, dropping 1.4%.
Meanwhile, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) was among the top-performing sectors today, rising 0.5% with earnings from Wesfarmers and GUD Holdings Limited (ASX: GUD).
And I can tell you todayâs top-performing ASX 200 stock is at home on the consumer discretionary section. Letâs take a look at what drove it sky-high on Wednesday.
Top 10 ASX 200 shares countdown
Todayâs biggest gains came from casino operator Star Entertainment Group Ltd (ASX: SGR). Its share price rocketed 14.4% in a partial recovery from recent losses.
The stock dived 20.8% on Monday on the back of a disappointing earnings update. It followed that up with a 13.5% tumble yesterday.
These shares made todayâs biggest gains:
ASX-listed company | Share price | Price change |
Star Entertainment Group Ltd (ASX: SGR) | $1.47 | 14.4% |
GUD Holdings Limited (ASX: GUD) | $8.94 | 8.1% |
Cochlear Limited (ASX: COH) | $225.28 | 7.75% |
Magellan Financial Group Ltd (ASX: MFG) | $9.45 | 7.14% |
New Hope Corporation Ltd (ASX: NHC) | $5.73 | 5.91% |
Whitehaven Coal Ltd (ASX: WHC) | $8.19 | 3.54% |
Paladin Energy Ltd (ASX: PDN) | $0.79 | 3.27% |
Collins Foods Ltd (ASX: CKF) | $8.58 | 3.13% |
Reliance Worldwide Corporation Ltd (ASX: RWC) | $3.49 | 2.95% |
Healius Ltd (ASX: HLS) | $2.82 | 2.92% |
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.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…
See The 5 Stocks
*Returns as of February 1 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Here are the 3 most heavily traded ASX 200 shares on Wednesday
- Star Entertainment share price rebounds 8% on Wednesday
- 3 ASX 200 shares on the move amid strong earnings updates
- The Magellan share price is surging 7%. Is it time to buy back in?
- Why Cochlear, GUD, Netwealth, and Wesfarmers shares are charging higher
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 Cochlear, Collins Foods, and Reliance Worldwide. The Motley Fool Australia has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Cochlear, Collins Foods, and Reliance Worldwide. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/pDGN5ky