Here are the top 10 ASX 200 shares today

The S&P/ASX 200 Index (ASX: XJO) slid into the red after a decent start to Tuesday’s trade on news the Reserve Bank of Australia lifted interest rates by 0.5% today. The index closed 0.38% lower at 6,826.50 points.

Today’s decision from the central bank marks the fifth consecutive month in which Australian interest rates have been hiked, bringing the official cash rate to 2.35%. The move is another effort to tame inflation, which sat at 6.1% at last count.

The S&P/ASX 200 Utilities Index (ASX: XUJ) was the market’s worst performing sector today, falling 1.9%.

Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) outperformed, lifting 0.7%.

The S&P/ASX 200 Energy Index (ASX: XEJ) also lifted 0.5% amid rising oil prices. The Brent crude oil price rose 2.9% to US$95.74 a barrel overnight while the US Nymex crude oil price gained 2.4% to US$88.92 a barrel.

Finally, iron ore futures saw a 3.3% overnight rise, trading at US$98.47 a tonne. But it wasn’t enough to bolster the S&P/ASX 200 Materials Index (ASX: XMJ). It fell 0.7%.

Four of the ASX 200’s 11 sectors closed in the green today. But which shares outperformed? Let’s take a look.

Top 10 ASX 200 shares countdown

ASX lithium stocks led on Tuesday, and in the lead was Core Lithium Ltd (ASX: CXO).

A bullish outlook for both the battery-making material and fellow producer Pilbara Minerals Ltd (ASX: PLS) may have been behind the gain.

Find out more about Core Lithium and what it’s been up to lately here.

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

Our top 10 ASX 200 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.

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More reading

• Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why is the Core Lithium share price surging 8% on Tuesday?
• Why broker JP Morgan just upgraded the Pilbara Minerals share price
• How are ASX 200 energy stocks performing on Tuesday?

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 EML Payments and MEGAPORT FPO. The Motley Fool Australia has positions in and has recommended EML Payments. The Motley Fool Australia has recommended MEGAPORT FPO. 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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