Wednesday was a rough day for many S&P/ASX 200 Index (ASX: XJO) shares as the index was weighed down by the energy and materials sectors. The ASX 200 was 0.52% lower at 6,594.50 points at market close.
A disastrous day for oil prices weighed on the S&P/ASX 200 Energy Index (ASX: XEJ) today. It was 5.8% lower at the end of the session.
The Brent crude oil price plunged 9.5% to US$102.77 a barrel overnight while the US Nymex crude price tumbled 8.2% to US$99.50 a barrel. Their weakness came on the back of fears of a global recession, further lockdowns in China, and a higher US dollar.
Base metal prices also slipped as most Australians slept. Nickel was the only major metal to come out in the green, gaining 0.6%. Meanwhile, iron ore futures lifted around 3.5% to US$113.42 a tonne.
Likely as a result, the S&P/ASX 200 Materials Index (ASX: XMJ) slumped around 5% today.
But it was far from dire across the board. Eight of the ASX 200's 11 sectors were in the green come market close, led by the tech sector.
The S&P/ASX 200 Information Technology Index (ASX: XIJ) rose more than 3% on Wednesday amid falling government bond yields.
Now, let's get to the reason we're all here: Here are the stocks that outperformed all others today.
Top 10 ASX shares countdown
The top performer among the ASX's 200 biggest stocks by market capitalisation on Wednesday was the Xero Limited (ASX: XRO) share price. The company's shares lifted around 7% today.
Coming in next best was Domino's Pizza Enterprises Ltd (ASX: DMP). The stock leapt close to 7% today amid positive responses to news the company will start to charge a service fee on deliveries, reports my Fool colleague James.
Today's top 10 biggest gains were made by these ASX shares:
| ASX-listed company | Share price | Price change |
| Xero Limited (ASX: XRO) | $86.14 | 6.82% |
| Domino's Pizza Enterprises Ltd (ASX: DMP) | $74.94 | 6.81% |
| Block Inc (ASX: SQ2) | $99.20 | 5.14% |
| Eagers Automotive Ltd (ASX: APE) | $10.35 | 5.13% |
| Altium Limited (ASX: ALU) | $28.84 | 4.76% |
| Mirvac Group (ASX: MGR) | $2.105 | 4.73% |
| Judo Capital Holdings Ltd (ASX: JDO) | $1.3175 | 4.56% |
| WiseTech Global Ltd (ASX: WTC) | $42.49 | 4.4% |
| HUB24 Ltd (ASX: HUB) | $22.13 | 4.29% |
| NextDC Ltd (ASX: NXT) | $11.36 | 4.13% |
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.
