The S&P/ASX 200 Index (ASX: XJO) peaked shortly after open on Monday, driven by energy shares, before paring back its gains this afternoon. The index was trading 1.11% higher at 6,612.60 points at the end of today’s session.
The market spent today awaiting the outcome of the Reserve Bank of Australia’s July meeting, to be released on Tuesday afternoon.
The big four banks have previously indicated they’re anticipating the meeting will see interest rates hiked between 0.25% and 0.5%, bringing Australia’s benchmark interest rate to between 1.1% and 1.35%.
However, T. Rowe Price’s Scott Solomon commented a hike of 0.65% – bringing rates to 1.5% – wouldn’t come as a surprise.
Energy shares led the ASX 200 on Monday, likely on the back of rising oil prices. The price of Brent crude oil lifted 2.4% to US$111.63 a barrel on Friday while the price of West Texas Intermediate oil gained 2.5% to US$108.43 a barrel.
Real estate shares were the next best performers, with the sector rising more than 2%.
As of Monday’s close, none of the ASX 200’s 11 sectors was trading in the red.
But which shares outperformed all others? Let’s take a look at today’s top performers.
Top 10 ASX shares countdown today
Taking out the crown of top performer among the ASX’s 200 biggest companies by market capitalisation was APM Human Services International Ltd (ASX: APM). The healthcare share recorded an 8.9% gain on news of debt refinancing.
Today’s top 10 biggest gains were made by these ASX shares:
|ASX-listed company||Share price||Price change|
|APM Human Services International Ltd (ASX: APM)||$3.18||8.9%|
|New Hope Corporation Ltd (ASX: NHC)||$3.61||7.78%|
|Latitude Group Holdings Ltd (ASX: LFS)||$1.33||6.4%|
|Block Inc. (ASX: SQ2)||$92.52||5.12%|
|Breville Group Ltd (ASX: BRG)||$19.05||5.07%|
|Reliance Worldwide Corporation Ltd (ASX: RWC)||$4.26||4.93%|
|James Hardie Industries Ltd (ASX: JHX)||$33.62||4.9%|
|Virgin Money UK Plc (ASX: VUK)||$2.38||4.39%|
|Perseus Mining Ltd (ASX: PRU)||$1.66||3.75%|
|Brickworks Ltd (ASX: BKW)||$9.11||3.58%|
Data as at market close.
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.