The S&P/ASX 200 Index (ASX: XJO) endured a horror return for the short trading week this Tuesday, crashing by a depressing 1.33%. By the time the market closed, the ASX 200 was sitting at just 7,755.4 points.
This negative start to the ASX’s week followed a more upbeat night up on the American markets overnight (our time).
The Dow Jones Industrial Average Index (DJX: DJI) started the US week off on the right note, rising by a decent 0.18%.
The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did slightly better again, gaining 0.35%.
But let’s grit our teeth and get back to the local markets with an examination of how the various ASX sectors rode out today’s selling pressure.
Winners and losers
It was carnage on the ASX boards this Tuesday, with only one sector emerging unscathed. But more on that later.
The worst place to be today was in gold stocks… and by a country mile. The All Ordinaries Gold Index (ASX: XGD) had an absolute wipeout, tanking by a horrific 5.46%.
Broader mining shares also got a wallop, with the S&P/ASX 200 Materials Index (ASX: XMJ) cratering by 2.58%.
Real estate investment trusts (REITs) were getting sold off too, as you can see from the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 2.34% plunge.
Utilities stocks got a serving from investors as well. The S&P/ASX 200 Utilities Index (ASX: XUJ) received a 2.03% lashing.
Industrial shares did a little better, but no one will be celebrating the S&P/ASX 200 Industrials Index (ASX: XNJ)’s loss of 1.32%.
Energy stocks were next up. The S&P/ASX 200 Energy Index (ASX: XEJ) had corrected 1.22% by the closing bell.
Communications shares were just behind that, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) getting 1.2% closer to earth.
There was nothing healthy happening in the healthcare shares space today either. The S&P/ASX 200 Healthcare Index (ASX: XHJ) was slapped down by 1.04%.
Financial stocks also had a day to forget, with the S&P/ASX 200 Financials Index (ASX: XFJ) giving back 0.85% of its value.
Consumer staples shares suffered as well. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) retreated by 0.57% this Tuesday.
Our final loser was the tech sector. The S&P/ASX 200 Information Technology Index (ASX: XIJ) slipped by 0.15%.
Turning to the only winners today, consumer discretionary stocks. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) enjoyed a lift of 0.11%.
Top 10 ASX 200 shares countdown
Emerging out of today’s car crash of a trading session was automotive stock Bapcor Ltd (ASX: BAP). Bapcor shares comprehensively defied the market with a rollicking gain of 13.99% up to $4.97 a share.
This rise comes after the embattled company received a $5.40 per share takeover offer from Bain Capital.
Here’s how the rest of today’s winners panned out:
| ASX-listed company | Share price | Price change |
| Bapcor Ltd (ASX: BAP) | $4.97 | 13.99% |
| Strike Energy Ltd (ASX: STX) | $0.215 | 13.16% |
| Audinate Group Ltd (ASX: AD8) | $16.49 | 2.61% |
| Fletcher Building Ltd (ASX: FBU) | $2.85 | 1.79% |
| Pro Medicus Limited (ASX: PME) | $128.06 | 1.74% |
| Eagers Automotive Ltd (ASX: APE) | $10.27 | 1.28% |
| SiteMinder Ltd (ASX: SDR) | $4.80 | 1.27% |
| Breville Group Ltd (ASX: BRG) | $27.40 | 0.92% |
| Flight Centre Travel Group Ltd (ASX: FLT) | $19.53 | 0.77% |
| NextDC Ltd (ASX: NXT) | $17.92 | 0.67% |
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.
Should you invest $1,000 in Audinate Group Limited right now?
Before you buy Audinate Group Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Audinate Group Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
See The 5 Stocks
*Returns as of 5 May 2024
More reading
- 3 lessons my seven-bagger ASX 200 stock has taught me
- Why Arizona Lithium, Bapcor, Race Oncology, and Tower shares are pushing higher
- ASX 200 shares vs. property: AMP reveals predictions for 2024 growth
- Guess which ASX 200 share just rocketed 15% on a $1.8 billion takeover offer
- 5 things to watch on the ASX 200 on Tuesday
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 positions in and has recommended Audinate Group, Pro Medicus, and SiteMinder. The Motley Fool Australia has positions in and has recommended Audinate Group and SiteMinder. The Motley Fool Australia has recommended Bapcor, Eagers Automotive Ltd, Flight Centre Travel Group, and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Leave a Reply