Here are the top 10 ASX 200 shares today

The S&P/ASX 200 Index (ASX: XJO) broke its winning streak on Thursday. The index closed 0.5% lower at 6,964 points.

That was despite a roaring performance from the S&P/ASX 200 Utilities Index (ASX: XUJ).

The three-stock-strong sector posted a 13.5% gain today as the Origin Energy Ltd (ASX: ORG) share price rocketed on news the company’s board was likely to accept a proposed takeover bid.

Unfortunately, the sector’s gain wasn’t enough to offset losses in other major categories.

The S&P/ASX 200 Energy Index (ASX: XEJ), for instance, lost 2% as oil prices slipped once more.

The Brent crude oil price fell 2.8% to US$92.65 a barrel overnight while the US Nymex crude oil price slipped 3.5% to US$85.83 a barrel.

The S&P/ASX 200 Materials Index (ASX: XMJ) also fell 1.2% on Thursday, while the S&P/ASX 200 Information Technology Index (ASX: XIJ) slumped 1.9%.

All in all, five of the ASX 200’s 11 sectors posted gains today. But which ASX 200 share outperformed all others to take out today’s top spot? Keep reading to find out.

Top 10 ASX 200 shares countdown

It likely comes as no surprise that today’s biggest gain was posted by the Origin share price.

The energy giant’s stock launched 35% after its board revealed it would accept a proposed $9 per share bid put forward by Brookfield Asset Management and MidOcean Energy.

The consortium has been granted due diligence in hopes it will follow its proposal with a binding acquisition offer.

Today’s biggest gains were made by these shares:

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.

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More reading

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• Guess which ASX ETF is up 13% so far this week?
• Here are the 3 most traded ASX 200 shares on Thursday
• Why Lycopodium, Origin, Perpetual, and Sandfire shares are charging higher
• Can ASX 200 gold share Evolution Mining really surge another 30% on top of recent gains?

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. The Motley Fool Australia has positions in and has recommended Hub24 Ltd. The Motley Fool Australia has recommended A2 Milk. 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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