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ASX 200 tech stocks led the market with big share price gains last week

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ASX 200 tech shares led the 11 market sectors last week with a 7.68% gain over the five trading days.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) slipped 1.22% to close at 8,625.1 points on Friday.

ASX 200 tech shares are continuing to recover from a 48% sector meltdown between 29 August 2025 and 30 March 2026.

Fears over the impact of artificial intelligence (AI) drove the decline, but ASX investors appear to be over it.

The S&P/ASX 200 Information Technology Index (ASX: XIJ) is now up 26% since 31 March vs. a 1.9% lift for the rest of the market.

Six of the 11 market sectors finished in the green last week.

Let’s review.

ASX 200 tech shares outperform by a long shot

Let’s take a look at how the major ASX 200 tech shares performed last week.

The market’s largest tech company by market cap, Xero Ltd (ASX: XRO), rose 5.45% to $79.27 per share.

The WiseTech Global Ltd (ASX: WTC) share price zoomed 10.55% to close at $39.81 on Friday.

Investors in Megaport Ltd (ASX: MP1) shares had an exciting week that ended with a 19.07% share price rise to $18.48.

On Friday, Megaport shares were the best performers of the ASX 200, reaching a new 52-week high of $21.16.

This followed news of four new AI infrastructure contracts worth $458.9 million and a fully underwritten $827.3 million entitlement offer.

TechnologyOne Ltd (ASX: TNE) shares rose 8.34% to $32.33 apiece, while Nextdc Ltd (ASX: NXT) lifted 4.07% to $15.86.

The Life360 Inc (ASX: 360) share price soared 13.81% to $22.

Codan Ltd (ASX: CDA) shares rose 2.46% to finish at $43.70 apiece on Friday.

The Siteminder Ltd (ASX: SDR) share price lifted 10% to $3.85.

Objective Corporation Ltd (ASX: OCL) shares ascended 8.12% to $11.32.

The Catapult Sports Ltd (ASX: CAT) share price rose 8.31% to $3.65.

Dicker Data Ltd (ASX: DDR) shares lifted 7.72% to $11.16 apiece.

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) 7.68%
Consumer Staples (ASX: XSJ) 1.68%
Energy (ASX: XEJ) 1.55%
Utilities (ASX: XUJ) 1.14%
Healthcare (ASX: XHJ) 1.01%
Industrials (ASX: XNJ) 0.45%
Consumer Discretionary (ASX: XDJ) (1.03%)
Communication (ASX: XTJ) (1.59%)
Financials (ASX: XFJ) (2.09%)
Materials (ASX: XMJ) (2.35%)
A-REIT (ASX: XPJ) (2.49%)

The post ASX 200 tech stocks led the market with big share price gains last week 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 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.

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