The S&P/ASX 200 Index (ASX: XJO) gained on Tuesday as the Reserve Bank of Australia (RBA) hiked interest rates once more. The index closed 1.65% higher at 6,976.9 points.
The RBA lifted the nation's cash rate by 0.25% to 2.85% at its November meeting in a bid to crush soaring inflation. That was in line with the more dovish prediction thrown around by analysts, with others tipping a 0.5% hike.
The Australian consumer price index (CPI) rose to a 32-year high of 7.3% in the September quarter.
And the RBA doesn't appear to be done yet. It flagged further rate hikes in coming months while inflation is forecast to peak at around 8% later this year.
Back to the market, the S&P/ASX 200 Materials Index (ASX: XMJ) led the way today, gaining 2.6%.
The S&P/ASX 200 Energy Index (ASX: XEJ) was hot on its tail, lifting 2.1% despite falling oil prices.
The Brent crude oil price fell 1% to US$94.83 a barrel on Monday while the US Nymex crude oil price dropped 1.6% to US$86.53 a barrel.
The S&P/ASX 200 Utilities Index (ASX: XUJ) and the S&P/ASX 200 Real Estate Index (ASX: XRE) both also outperformed, lifting 2.5% and 2.1% respectively.
At the end of Tuesday's trade, all 11 of the ASX 200's sectors were higher. But which share outperformed all others? Keep reading to find out.
Top 10 ASX 200 shares countdown
The top-performing ASX 200 share today was none other than Imugene Limited (ASX: IMU).
Stock in the healthcare favourite jumped another 11% today, adding to the 6% surge it posted on Monday on the back of a clinical trial update.
Today's biggest gains were made by these shares:
| ASX-listed company | Share price | Price change |
| Imugene Limited (ASX: IMU) | $0.195 | 11.43% |
| Nickel Industries Ltd (ASX: NIC) | $0.785 | 7.53% |
| United Malt Group Ltd (ASX: UMG) | $3.30 | 6.11% |
| Graincorp Ltd (ASX: GNC) | $8.88 | 6.09% |
| Adbri Ltd (ASX: ABC) | $1.67 | 6.03% |
| Megaport Ltd (ASX: MP1) | $6.44 | 5.75% |
| Fortescue Metals Group Limited (ASX: FMG) | $15.50 | 5.44% |
| Ramelius Resources Limited (ASX: RMS) | $0.775 | 5.44% |
| NextDC Ltd (ASX: NXT) | $8.77 | 5.41% |
| Pinnacle Investment Management Group Ltd (ASX: PNI) | $8.57 | 5.28% |
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.
