The S&P/ASX 200 Index (ASX: XJO) surged to a five-month high on Friday following a ripper session on Wall Street. The index closed 2.79% higher at 7,158 points. That left it 3.85% higher week-on-week.
It followed a major rally in New York as the latest US inflation data drove the nation's markets sky-high. The US consumer price index lifted 0.4% in October and 7.7% over the prior 12 months, bolstering hopes the Federal Reserve might ease up on rate hikes.
The Dow Jones Industrial Average Index (DJX: .DJI) lifted 3.7% overnight while the S&P 500 Index (SP: .INX) gained 5.5% and the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) rocketed 7.3%.
It likely comes as no surprise, therefore, that the S&P/ASX 20 Information Index (ASX: XIJ) led the Aussie bourse today, gaining 5%.
The S&P/ASX 200 Health Care Index (ASX:XHJ) and the S&P/ASX 200 Materials Index (ASX: XMJ) were also bright sparks, lifting 3.6% and 3.7%, respectively.
Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) was the only sector to close in the red, falling 0.5%.
The S&P/ASX 200 Energy Index (ASX: XEJ) also underperformed, gaining just 0.7%.
But which ASX 200 share topped the lot on a day of massive gains? Keep reading to find out.
Top 10 ASX 200 shares countdown
Today's top-performing ASX 200 share was Megaport Ltd (ASX: MP1). The stock followed its home sector higher on Friday, lifting 13.6%.
The company dropped a non-price sensitive release yesterday evening, announcing its major shareholder, Mitsubishi UFJ Financial Group had upped its stake in the company by 1% to 12% last night.
Today's biggest gains were made by these shares:
| ASX-listed company | Share price | Price change |
| Megaport Ltd (ASX: MP1) | $6.11 | 13.57% |
| Pinnacle Investment Management Group Ltd (ASX: PNI) | $9.00 | 12.5% |
| Netwealth Group Ltd (ASX: NWL) | $13.87 | 11.67% |
| Block Inc (ASX: SQ2) | $100.91 | 11.53% |
| Pro Medicus Limited (ASX: PME) | $58.50 | 11.45% |
| Credit Corp Group Limited (ASX: CCP) | $20.35 | 11.2% |
| St Barbara Ltd (ASX: SBM) | $0.62 | 10.71% |
| WiseTech Global Ltd (ASX: WTC) | $57.86 | 10.38% |
| Magellan Financial Group Ltd (ASX: MFG) | $10.00 | 9.77% |
| REA Group Limited (ASX: REA) | $121.70 | 9.65% |
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.
