Here's how the ASX 200 market sectors stacked up last week

Consumer staples led the ASX 200 market sectors last week with a 1.02% gain.

a woman ponders products on a supermarket shelf while holding a tin in one hand and holding her chin with the other.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Consumer staple shares led the ASX 200 market sectors last week with a 1.02% gain over the five trading days.

Meantime, the S&P/ASX 200 Index (ASX: XJO) lost 0.91% to finish the week at 7,701.7 points.

Six of the 11 market sectors finished the week in the green.

Let's recap.

Consumer staple shares led the ASX sectors last week

The biggest ASX consumer staple stock Woolworths Group Ltd (ASX: WOW) moved 0.57% higher last week. Woolworths shares closed at $31.60 on Friday.

Among the other large sector players, Coles Group Ltd (ASX: COL) shares lifted 1.48% to $16.42 apiece.

ASX 200 wine share Treasury Wine Estates Ltd (ASX: TWE) lost 1.95% to finish the week at $11.33 apiece.

Endeavour Group Ltd (ASX: EDV) shares lost 0.6% over the week to finish at $4.96 on Friday.

Among the big movers in the staples sector this week was Australian Agricultural Company Ltd (ASX: AAC). The stock rose 7.8% despite no price-sensitive news to finish at $1.52 per share on Friday.

ASX 200 agricultural share Select Harvests Ltd (ASX: SHV) lifted 4.47% to $3.27. Most of those gains came on Friday after the company released its 1H FY24 results.

The almond farmer and processor reported a net profit after tax (NPAT) loss of $2.1 million. But this was an improvement on the prior corresponding period of 1H FY23 when a $96.2 million loss was recorded.

Select Harvests managing director David Surveyor said:

The operating environment for the almond industry remains challenging. In the US, almond prices have been below the cost of production since the 2020/21 season.

Through this period, Select has made strong progress on its transformational program and is ready to benefit from the cyclical upturn.

The Bega Cheese Ltd (ASX: BGA) share price increased 2.76% over the five days to $4.46 on Friday.

There was no news from Bega this week. However, my colleague Bernd says the price surge could relate to speculation that milk prices may fall over the months ahead, thereby reducing Bega's input costs.

Ridley Corporation Ltd (ASX: RIC) rose 1.94% to $2.10. There was no news from the company this week.

Top broker Goldman Sachs says its key buy calls among ASX retail shares are now skewed towards consumer staples over discretionary stocks.

Goldman has buy ratings on three of the top four consumer staple shares by market capitalisation.

They are Woolworths shares with a 12-month price target of $39.40, Treasury Wine shares with a 12-month price target of $13, and Endeavour shares with a 12-month price target of $6.30.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

S&P/ASX 200 market sectorChange last week
Consumer Staples (ASX: XSJ)1.02%
Consumer Discretionary (ASX: XDJ)0.83%
Communication (ASX: XTJ)0.59%
Information Technology (ASX: XIJ)0.26%
Healthcare (ASX: XHJ)0.15%
A-REIT (ASX: XPJ)0.09%
Financials (ASX: XFJ)(0.26%)
Industrials (ASX: XNJ)(0.35%)
Energy (ASX: XEJ)(0.6%)
Materials (ASX: XMJ)(1.35%)
Utilities (ASX: XUJ)(2.73%)

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A miner stands in front oh an excavator at a mine site

3 reasons ASX uranium stocks can keep charging higher into 2025

I think the recent sell-down in ASX uranium stocks has been overdone. Here’s why.

Read more »

A businessman sits on a chair looking at a pile of chairs stacked up to the ceiling of a white empty room.
Share Market News

Here's how the ASX 200 market sectors stacked up last week

Consumer discretionary shares led the ASX 200 market sectors last week with a 0.36% gain.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.

3 reasons to be positive on ASX 200 shares in FY25 (and 3 to be wary)

Vinay Ranjan from Airlie Funds Management says we should ignore market noise and buy quality stocks.

Read more »

A woman uses her phone to pay at the counter, with a queue of more customers behind.
Share Market News

Where Aussies are spending their money, and the ASX shares that could benefit

Households are still opening their wallets on certain categories.

Read more »

A young well-dressed couple at a luxury resort celebrate successful life choices.
Share Market News

With nothing in my savings account, I'd use Warren Buffett's golden rule to build wealth

Here's how you could grow your wealth by following the Oracle of Omaha's golden rule.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Broker Notes

These ASX shares could rise 25% to ~50%

Big returns could await buyers of these shares according to analysts.

Read more »

A businessman hugs his computer and smiles.

2 outstanding ASX 200 shares to buy and hold for a decade

I think these ASX 200 shares will continue to reward investors for years to come.

Read more »