Here are the top 10 ASX shares today

The S&P/ASX 200 Index (ASX: XJO) poised a recovery today, driven by materials shares. The index was 0.81% higher at 6,648.0 points at the closing bell.

The S&P/ASX 200 Materials Index (ASX: XMJ) brought the market’s biggest gains on Thursday, lifting more than 2%. That came despite commodity prices continuing to retreat overnight.

Iron ore futures slipped 1% during Wednesday’s session overseas to reach US$112.33 a tonne. Meanwhile, copper and nickel fell 2% and 3.6% respectively and gold futures slumped 1.6% to US$1,736.50 an ounce.

Meanwhile, ASX 200 industrial and tech shares suffered as their respective sectors plunged lower. The S&P/ASX 200 Industrials Index (ASX: XNJ) fell 0.8% while the S&P/ASX 200 Information Technology Index (ASX: XIJ) slid 0.5%.

The latter was likely weighed down by rising bond yields. US 10-year yields rose to near 2.93% overnight.

At the end of today’s session, four of the ASX 200’s 11 sectors were in the green.

All that considered, let’s take a gander at which stocks came in as the top 10 best performing ASX shares on Thursday.

Top 10 ASX shares countdown

Looking at the 200 biggest ASX shares by market capitalisation, one stood out as a clear winner today.

The Chalice Mining Ltd (ASX: CHN) share price launched 6.6% on the back of exploration results. Find out more about what Chalice has been up to here.  

And coming in second-best was Link Administration Holdings Ltd (ASX: LNK). Its share price gained 6.1% after a suitor increased its takeover offer for the company. Read more about the takeover bid’s evolution here.

Today’s top 10 biggest gains were made by these ASX shares:

Data as at 3:59 pm AEST.

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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More reading

• Fortescue share price lifts with Australia’s record high trade surplus
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• 5 worst ASX energy shares of FY22
• Is now the time to be buying beaten down ASX 200 mining shares?
• Why Chalice Mining, Damstra, Link, and Pinnacle shares are storming higher

Motley Fool contributor Brooke Cooper 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 Hub24 Ltd and Link Administration Holdings Ltd. The Motley Fool Australia has positions in and has recommended Hub24 Ltd. 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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