Today, the S&P/ASX 200 Index (ASX: XJO) captured its third consecutive day in the green despite Wall Street getting the cold shoulder from investors. At the end of the session, the benchmark index finished 0.27% higher at 7,112.5 points.
While whispers of a potential higher rate increase in June circulated the market, investors were unnerved as they fired their money into the more defensive sectors on Tuesday. Getting the most attention were energy companies, though, battery material miners fared favourably as well.
Unfortunately, market participants were less keen on healthcare, real estate, and tech today. These are the same sectors that we have previously watched weaken on news of higher rates.
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, Core Lithium Ltd (ASX: CXO) was the biggest gainer today. Shares in the lithium project developer surged 9.28% following an update on the company’s progress towards bringing the Finniss Lithium Project online. Find out more about Core Lithium here.
The next best performing ASX share across the market today was Lynas Rare Earths Ltd (ASX: LYC). The rare earths producer’s share price firmed by 6.56% today as demand for rare earth oxides continues to hold strong. Uncover the latest Lynas Rare Earths details here.
Today’s top 10 biggest gains were made in these ASX shares:
|ASX-listed company||Share price||Price change|
|Core Lithium Ltd (ASX: CXO)||$1.295||9.28%|
|Lynas Rare Earths Ltd (ASX: LYC)||$9.42||6.56%|
|Beach Energy Ltd (ASX: BPT)||$1.735||6.12%|
|Whitehaven Coal Ltd (ASX: WHC)||$5.20||5.91%|
|Mineral Resources Ltd (ASX: MIN)||$58.16||5.71%|
|Allkem Ltd (ASX: AKE)||$12.06||5.51%|
|Coronado Global Resources Inc (ASX: CRN)||$2.29||5.05%|
|Pilbara Minerals Ltd (ASX: PLS)||$2.73||5.00%|
|Sandfire Resources Ltd (ASX: SFR)||$5.15||4.04%|
|New Hope Corporation Ltd (ASX: NHC)||$3.88||4.02%|
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.