ASX 200 tech shares enjoyed a moment in the sun last week, outperforming the other market sectors with a 6.55% uplift.
Meanwhile, the S&P/ASX 200 Index (ASX: XJO) rose 1.84% to finish at 9,081.4 points on Friday.
As earnings season continued, strong results and higher oil prices pushed the ASX 200 to a new record of 9,118.3 points on Thursday.
That beat the previous record of 9,115.2 points set on 21 October.
Eight of the 11 market sectors finished the week in the green.
Let’s recap.
ASX tech shares led the market last week
Last week was a welcome bright spot for ASX 200 tech shares, which are in the midst of a prolonged rout.
And boy, is it ugly.
The S&P/ASX 200 Information Technology Index (ASX: XIJ) has fallen by more than 40% over the past six months.
We took a deep dive into the issues plaguing the sector last week.
In a nutshell, there’s fear in the market over artificial intelligence (AI).
Investors are worried about high tech stock valuations, extraordinary AI capex, and whether AI could white-ant SaaS companies.
Perhaps a rebound is now underway, given last week’s 6.55% increase for the tech sector.
Let’s take a look at what happened in the sector last week.
WiseTech Global Ltd (ASX: WTC) shares lifted 10.51% to finish at $47.10 ahead of the company’s earnings release on Wednesday.
The Xero Ltd (ASX: XRO) share price rose 5.51% to $77.54.
NextDC Limited (ASX: NXT) shares slipped 0.71% to $13.92.
TechnologyOne Ltd (ASX: TNE) shares soared 22.71% to $24.74, with investors reassured by upgraded FY26 guidance at last week’s AGM.
Shares in electronics solutions provider Codan Ltd (ASX: CDA) lifted 1.37% to $34.69.
Life360 Inc (ASX: 360) shares increased 8.27% to $23.84.
The Megaport Ltd (ASX: MP1) share price tumbled 9.98% after the company reported an underlying net loss of $3.3 million for 1H FY26.
The Dicker Data Ltd (ASX: DDR) share price rose 7.32% to $10.41 ahead of its earning report on Thursday.
Macquarie Technology Group Ltd (ASX: MAQ) shares rose 5.4% to $67.19.
The Data#3 Ltd (ASX: DTL) share price lifted 4.24% to $9.10 ahead of the IT solutions provider’s earnings release on Monday.
Objective Corporation Ltd (ASX: OCL) shares increased 6.4% to $14.
The Iress Ltd (ASX: IRE) share price edged 0.43% higher to $7.05 ahead of the financial technology company’s report on Wednesday.
The Catapult Sports Ltd (ASX: CAT) share price rose 5.72% to $3.51.
Hansen Technologies Ltd (ASX: HSN) soared 16.29% to $5.14 after the company reported a 389.1% lift in net profit for 1H FY26.
Hansen is one of a large group of ASX 200 shares going ex-dividend next week. The tech stock will pay a dividend of 5 cents per share.
Shares in hotel bookings management platform provider, Siteminder Ltd (ASX: SDR) rose 4.62% to $3.62.
The Weebit Nano Ltd (ASX: WBT) share price fell 0.2% to $4.90.
Shares in wealth management software company Bravura Solutions Ltd (ASX: BVS) fell 7.45% to $1.93.
ASX 200 market sector snapshot
Here’s how the 11 market sectors stacked up last week, according to CommSec data.
Over the five trading days:
| S&P/ASX 200 market sector | Change last week |
| Information Technology (ASX: XIJ) | 6.55% |
| Energy (ASX: XEJ) | 4.88% |
| Communication (ASX: XTJ) | 3.26% |
| Industrials (ASX: XNJ) | 3.12% |
| Healthcare (ASX: XHJ) | 3.07% |
| Financials (ASX: XFJ) | 2.76% |
| Utilities (ASX: XUJ) | 1.04% |
| Materials (ASX: XMJ) | 0.67% |
| A-REIT (ASX: XPJ) | (0.23%) |
| Consumer Staples (ASX: XSJ) | (1%) |
| Consumer Discretionary (ASX: XDJ) | (1.15%) |
The post ASX 200 tech shares lead market sectors with a 7% bounce back appeared first on The Motley Fool Australia.
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Motley Fool contributor Bronwyn Allen 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 Bravura Solutions, Catapult Sports, Life360, Megaport, Objective, SiteMinder, Technology One, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Catapult Sports, Dicker Data, Life360, Objective, SiteMinder, WiseTech Global, and Xero. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.