The S&P/ASX 200 Index (ASX: XJO) convincingly ended its three-day winning streak that investors had been enjoying this week today, recording a hefty loss this Thursday.
After rising steadily over the past three trading days, investors took a bath today, with the ASX 200 sinking by 0.4%. That leaves the index at 7,817.2 points.
This sobering session comes after an even sourer night of trade over on Wall Street last night (our time).
The Dow Jones Industrial Average Index (DJX: .DJI) had a clunker, crashing by a weighty 1.09%.
The Nasdaq Composite Index (NASDAQ: .IXIC) fared a little better, but still saw its value drop by 0.84%.
But let’s get back to the ASX now and see how our different ASX sectors handled today’s miserly performance.
Winners and losers
Despite the losses we saw today, there were still a few sectors that rode out the storm. But more on that in moment.
Today’s wooden spoon goes to real estate investment trusts (REITs). The S&P/ASX 200 A-REIT Index (ASX: XPJ) led today’s losers, cratering by 1.82%.
Consumer discretionary stocks came next. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) did a little better, but still plunged by 1.04% today.
Next was the healthcare sector. The S&P/ASX 200 Healthcare Index (ASX: XHJ) had a horrid day as well, getting a 0.92% haircut from investors.
Financial shares were just behind, with the S&P/ASX 200 Financials Index (ASX: XFJ) taking a 0.91% bath.
Utilities stocks followed, with the S&P/ASX 200 Utilities Index (ASX: XUJ) sinking 0.83%.
Then we had ASX communications shares. The S&P/ASX 200 Communication Services Index (ASX: XTJ) suffered a swing of 0.77% against it.
Tech stocks had another bad day as well, as evidenced by the 0.52% fall in the S&P/ASX 200 Information Technology Index (ASX: XIJ).
Gold shares also had a day to remember. The All Ordinaries Gold Index (ASX: XGD) vaulted 0.91% higher.
Following gold we had broader mining stocks. The S&P/ASX 200 Materials Index (ASX: XMJ) managed to gain a rosy 0.55% today.
Finally, consumer staples shares recorded a win as well, illustrated by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)’s 0.29% lift.
Top 10 ASX 200 shares countdown
You might notice something rather unusual with uranium share and top-performer Paladin Energy Ltd (ASX: PDN)’s monstrous 864% gain today.
While this lift did occur today, it resulted in no actual benefit for shareholders. The rise was instead due to a reverse stock split, which my Fool colleague went into here. So today’s top performer should really be oil stock Karoon Energy Ltd (ASX: KAR).
Here are the rest of today’s winning shares:
| ASX-listed company | Share price | Price change |
| Paladin Energy Ltd (ASX: PDN) | $14.75 | 864.05% |
| Karoon Energy Ltd (ASX: KAR) | $2.38 | 4.85% |
| Computershare Ltd(ASX: CPU) | $28.17 | 4.45% |
| Gold Road Resources Ltd (ASX: GOR) | $1.78 | 4.09% |
| Emerald Resources N.L. (ASX: EMR) | $3.60 | 4.05% |
| Elders Ltd (ASX: ELD) | $8.40 | 2.82% |
| Iluka Resources Ltd (ASX: ILU) | $7.44 | 2.62% |
| Pilbara Minerals Ltd (ASX: PLS) | $4.02 | 2.55% |
| Northern Star Resources Ltd (ASX: NST) | $15.36 | 2.40% |
| Woodside Energy Group Ltd (ASX: WDS) | $30.59 | 2.07% |
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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…
See The 5 Stocks
*Returns as of 1 February 2024
(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
- Shares vs. property: What $100 invested in 1926 is worth now
- Why Computershare, Core Lithium, Northern Star, and Vulcan Energy shares are storming higher
- Are Paladin Energy shares really surging 900% today?
- Northern Star share price tumbles on difficult quarter
- Here are the iron ore and lithium price forecasts through to 2027
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Elders. 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/N0I7BMA
Leave a Reply