Every one of the 11 market sectors finished the week in the red, with the S&P/ASX 200 Index (ASX: XJO) tumbling 0.92% over the past five days.
The ASX 200 closed the session on Friday at 6,954.2 points.
Let's look at which sectors were the best and worst performers this week.
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Consumer staples led the ASX sectors this week
This week's best performer comes down to which sector fell the least, and that was consumer staples.
According to CommSec data, the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) fell 0.34% this week.
The consumer staples sector is considered defensive during times of high inflation and interest rates.
The heavy hitter of the sector did well this week. The Woolworths Group Ltd (ASX: WOW) share price rose 1.21%. Its rival Coles Group Ltd (ASX: COL) fell slightly, down 0.26%.
Endeavour Group Ltd (ASX: EDV) shares finished down 1.13% this week. The company has been embroiled in ongoing controversy over former Woolworths boss Bill Wavish and his nomination for a seat on the board.
The biggest faller of the market sectors this week was energy, with the S&P/ASX 200 Energy Index (ASX: XEJ) sliding 6.6%.
ASX energy shares were under pressure due to weaker oil prices. This was due to the lowest seasonal demand for gasoline in the United States in more than two decades.
The WTI crude oil price fell 9.45% and the Brent crude oil price dropped 8.96% this week.
Large-cap energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) lost 5.95% and 5.47% this week, respectively. Mid-cap stock Beach Energy Ltd (ASX: BPT) fell 7.98%.
ASX 200 market sector snapshot
Here's how the 11 market sectors stacked up this week.
Over the past five days:
| ASX market sector | Change this week |
| S&P/ASX 200 Consumer Staples (ASX: XSJ) | -0.34% |
| S&P/ASX 200 Financials (ASX: XFJ) | -0.45% |
| S&P/ASX 200 Health Care (ASX: XHJ) | -0.57% |
| S&P/ASX 200 A-REIT (ASX: XPJ) | -0.82% |
| S&P/ASX 200 Communication (ASX: XTJ) | -0.88% |
| S&P/ASX 200 Materials (ASX: XMJ) | -1.42% |
| S&P/ASX 200 Information Technology (ASX: XIJ) | -1.47% |
| S&P/ASX 200 Utilities (ASX: XUJ | -1.79% |
| S&P/ASX 200 Industrials (ASX: XNJ) | -1.89% |
| S&P/ASX 200 Consumer Discretionary (ASX: XDJ) | -1.97% |
| S&P/ASX 200 Energy (ASX: XEJ) | -6.6% |
