It’s been a cracking start to the trading week for most ASX shares and the S&P/ASX 200 Index (ASX: XJO) this Monday.
After a bumpy week last week, the ASX 200 has given investors a confidence boost today with a rosy rise of 0.75%. That leaves the index at 7,476.6 points.
This encouraging kickoff for the ASX today comes after a euphoric finish to the American trading week up on Wall Street last Friday.
The Dow Jones Industrial Average Index (DJX: .DJI) finished the week in style, shooting up by a pleasing 1.05%.
It was better again for the Dow’s sister index, the Nasdaq Composite Index (NASDAQ: .IXIC), which boomed by 1.7%.
But let’s get back to the start of this week now with a look at what the various ASX sectors were up to today.
Winners and losers
Despite the confidence showing from the broader market, we still had a couple of sectors that took a backward step today.
Leading those was the mining sector. The S&P/ASX 200 Materials Index (ASX: XMJ) missed out on the goodwill today, sliding by 0.21%
ASX utilities shares were also on the nose. The S&P/ASX 200 Utilities Index (ASX: XUJ) lost 0.17% of its value by the close of trading.
But that’s a wrap for the losers.
Turning to the winners now, these were led by consumer discretionary stocks. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) had a corker today, shooting up by 1.68%.
Hot on this sector’s heels were consumer staples shares, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) swelling by 1.33%.
Financial stocks also proved to be a decisive winner. The S&P/ASX 200 Financials Index (ASX: XFJ) enjoyed a hefty bump of 1.2%.
Industrial shares had a spring in their step too, with the S&P/ASX 200 Industrials Index (ASX: XNJ) vaulting 1.13% higher.
Real estate investment trusts (REITs) were right behind, evidenced by the S&P/ASX 200 A-REIT Index (ASX: XPJ) gain of 1.11%.
ASX communications stocks came in next. The S&P/ASX 200 Communication Services Index (ASX: XTJ) was making friends too, with a Bradman-esque rise of 0.99%.
Tech shares got an invite to the party as well, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) getting marked up by 0.71%.
Following tech were healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) had a healthy day indeed, getting a shot worth 0.6%.
Coming in next were energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) managed a lift of 0.28% today.
And finally, gold stocks were our last winners, with the All Ordinaries Gold Index (ASX: XGD) inching 0.08% higher.
Top 10 ASX 200 shares countdown
The best-performing stock on the index this Monday was healthcare share Polynovo Ltd (ASX: PNV). Polynovo stock rose by a robust 9.78% today up to $1.74 a share.
This may have been the result of some (unaudited) first-half highlights the company posted this afternoon, which included a 66% revenue boost.
And here are today’s other top performers:
| ASX-listed company | Share price | Price change |
| Polynovo Ltd (ASX: PNV) | $1.74 | 9.78% |
| A2 Milk Company Ltd (ASX: A2M) | $4.59 | 6.25% |
| Star Entertainment Group Ltd (ASX: SGR) | $0.515 | 5.10% |
| IDP Education Ltd (ASX: IEL) | $22.06 | 5.05% |
| Life360 Inc (ASX: 360) | $7.45 | 4.78% |
| Bega Cheese Ltd (ASX: BGA) | $3.70 | 3.64% |
| Alumina Limited (ASX: AWC) | $1.04 | 3.48% |
| AUB Group Ltd (ASX: AUB) | $29.71 | 3.45% |
| Steadfast Group Ltd (ASX: SDF) | $5.80 | 3.39% |
| Block Inc (ASX: SQ2) | $101.06 | 3.10% |
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 10 November 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
- Why 4DMedical, A2 Milk, QBE, and Zip shares are charging higher today
- Here’s why these ASX 200 growth shares could be top buys
- Why Reece shares look like a hidden gem of the ASX 200
- These are the 10 most shorted ASX shares
- 5 things to watch on the ASX 200 on Monday
Motley Fool contributor Sebastian Bowen has positions in A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Idp Education, Life360, and PolyNovo. The Motley Fool Australia has positions in and has recommended Block and Steadfast Group. The Motley Fool Australia has recommended A2 Milk, Aub Group, and Idp Education. 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/i7DWJyn
Leave a Reply