Today, the S&P/ASX 200 Index (ASX: XJO) took a step backward after the US posted its highest rate of inflation in 40 years last night. At the end of the session, the benchmark index finished 0.94% lower at 7,063.6 points.
While there were plenty of fallers today, the market offered up a few green beacons to be grateful for. These were in the form of energy and mining shares — our typical ‘risk off’ names on the ASX boards. As you might expect, the shares that performed the worst as the inflationary thematic stepped up were tech and consumer discretionary.
However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:
Top 10 ASX shares countdown today
Looking at the top 200 listed companies, AVZ Minerals Ltd (ASX: AVZ) was the biggest gainer today. Shares in the lithium developer took a 7.19% ride to the upside during Friday’s session despite there being no announcements from the company. Find out more about AVZ Minerals here.
The next biggest gaining ASX share today was yet another lithium company, Allkem Ltd (ASX: AKE). Just like AVZ, Allkem (formerly Galaxy Resources and Orocobre) did not post any new information today. However, the commodity space has been rife with enthusiasm as future supply is shrouded in uncertainty. Uncover the latest Allkem details here.
Today’s top 10 biggest gains were made in these ASX shares:
| ASX-listed company | Share price | Price change |
| AVZ Minerals Ltd (ASX: AVZ) | $0.895 | 7.19% |
| Allkem Ltd (ASX: AKE) | $10.59 | 4.96% |
| Champion Iron Ltd (ASX: CIA) | $6.85 | 4.58% |
| GQG Partners Inc (ASX: GQG) | $1.275 | 3.66% |
| Alumina Ltd (ASX: AWC) | $2.03 | 3.05% |
| South32 Ltd (ASX: S32) | $4.89 | 2.95% |
| Mineral Resources Ltd (ASX: MIN) | $46.43 | 2.74% |
| Meridian Energy Ltd (ASX: MEZ) | $4.91 | 2.72% |
| Coronado Global Resources Inc (ASX: CRN) | $2.01 | 2.55% |
| Incitec Pivot Ltd (ASX: IPL) | $3.70 | 2.49% |
Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.
The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.
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Motley Fool contributor Mitchell Lawler 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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