
After yesterday’s market euphoria and fresh all-time highs, it was only natural that the S&P/ASX 200 Index (ASX: XJO) endured a bit of a jolt back to earth this Tuesday.
And indeed that is what we saw on the markets today. The ASX 200 ended up slipping 0.23% this session, bringing the index down to just below the 8,000-point threshold we saw get broken yesterday to finish at 7,999.3 points.
This slow day for ASX shares follows a more upbeat start to the American trading week that kicked off last night (our time).
The Dow Jones Industrial Average Index (DJX: DJI) had a strong start to the week, rising 0.53%.
The Nasdaq Composite Index (NASDAQ: .IXIC) performed similarly, rising by 0.4%.
But let’s get back to ASX shares now with a checkup of how the various ASX sectors handled today’s cautious mood.
Winners and losers
Despite the markets’ bad mood, a few sectors rose in value. But first, the losers.
Taking out the worst spot on the leaderboard today was mining shares. The S&P/ASX 200 Materials Index (ASX: XMJ) was shunned by investors and crashed by 0.93%.
Utilities stocks were punished as well, with the S&P/ASX 200 Utilities Index (ASX: XUJ) tanking 0.88%.
Tech shares were on the nose too. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was sent down 0.88% as well.
Consumer discretionary stocks weren’t providing any relief, as you’ll see from the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)’s 0.82% plunge.
Energy shares did a little better, but the S&P/ASX 200 Energy Index (ASX: XEJ) still cratered 0.19%.
Healthcare stocks were also on the hit list. The S&P/ASX 200 Healthcare Index (ASX: XHJ) lost 0.15% of its value this Tuesday.
Communications shares came in right behind that, illustrated by the S&P/ASX 200 Communication Services Index (ASX: XTJ)’s 0.14% dip.
Consumer staples stocks were our final losers of the day. But the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) slipped by just 0.01%.
Turning now to our winning sectors, these were led by real estate investment trusts (REITs). The S&P/ASX 200 A-REIT Index (ASX: XPJ) sailed a happy 0.72% higher this session.
Industrial shares also ran hot. The S&P/ASX 200 Industrials Index (ASX: XNJ) lifted by a confident 0.22%.
Gold stocks were in demand as well, with the All Ordinaries Gold Index (ASX: XGD) rising 0.21%.
Last up, we had financial shares. The S&P/ASX 200 Financials Index (ASX: XFJ) inched 0.09% higher by the closing bell.
Top 10 ASX 200 shares countdown
Today’s index leader was property share Lifestyle Communities Ltd (ASX: LIC). Lifestyle stock rebounded by a happy 5.53% today, up to $10.87 a share.
This move follows yesterday’s 18% plunge after the company was accused of malpractice.
Here’s how the rest of today’s best shares pulled up:
| ASX-listed company | Share price | Price change |
| Lifestyle Communities Ltd (ASX: LIC) | $10.87 | 5.53% |
| IRESS Ltd (ASX: IRE) | $8.89 | 5.46% |
| Polynovo Ltd (ASX: PNV) | $2.37 | 3.49% |
| Block Inc (ASX: SQ2) | $106.69 | 3.45% |
| Sigma Healthcare Ltd (ASX: SIG) | $1.35 | 3.45% |
| HMC Capital Ltd (ASX: HMC) | $7.68 | 2.67% |
| Neuren Pharmaceuticals Ltd (ASX: NEU) | $20.99 | 2.64% |
| Reliance Worldwide Corporation Ltd (ASX: RWC) | $4.67 | 2.41% |
| Waypoint REIT (ASX: WPR) | $2.46 | 2.07% |
| Mirvac Group (ASX: MGR) | $2.12 | 1.92% |
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 10 July 2024
More reading
- 5 things to watch on the ASX 200 on Tuesday
- Here are the top 10 ASX 200 shares today
- How is the stock market reacting to yesterday’s attack on Trump?
- ASX 200 shatters record. Why it could still be ‘relatively cheap’ to invest
- Why this ASX 200 real estate share is plunging 17% today
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 Block, PolyNovo, and Reliance Worldwide. The Motley Fool Australia has positions in and has recommended Block. The Motley Fool Australia has recommended PolyNovo. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Leave a Reply