Tech shares led the ASX 200 market sectors last week with a 2.67% gain over the five trading days.
Meantime, the S&P/ASX 200 Index (ASX: XJO) lost 0.18% to finish the final trading week of the 2024 financial year at 7,767.5 points.
Only three of the 11 market sectors finished the week in the green.
Let's recap.
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Technology shares led the ASX sectors last week
Among the major ASX 200 tech stocks, Wisetech Global Ltd (ASX: WTC) shares had a great week, with a 5.82% gain despite the company not releasing any price-sensitive news.
The Wisetech share price closed FY24 at $100.30 on Friday, up 25.67% over FY24.
Life360 Inc (ASX: 360) shares rose 2.5% over the week to finish at $16.37. The ASX 200 social networking app developer was the sector's top growth stock for FY24, with a phenomenal 122.72% uplift.
The second-biggest ASX 200 tech share, Xero Limited (ASX: XRO), rose 2.06% last week. Xero shares closed at $136.40 on Friday, up 14.69% over FY24.
TechnologyOne Ltd (ASX: TNE) shares lifted 0.54% to $18.60 by Friday. That's an 18.85% gain in FY24.
The Nextdc Ltd (ASX: NXT) share price lost ground in the final trading week of FY24. NextDC shares fell 1.67% to close at $17.63.
The ASX 200 data centre-as-a-service operator made an impressive 41.72% share price gain over FY24.
Altium Ltd (ASX: ALU) shares closed at $68.03, up 0.21% over the week and 84.26% over FY24.
Altium advised the market this week that most regulatory approvals for its takeover by Renesas Electronics Corp have now been obtained.
What about ASX technology ETFs?
Among the ASX tech ETFs this week, Betashares Global Cybersecurity ETF (ASX: HACK) had a ripper week with a 3.08% gain to $11.70 per share over the five trading days.
The ASX HACK is benefitting from rising new demand as enterprises around the world seek to protect themselves from cyber attacks like those experienced by Optus and Medibank Private Ltd (ASX: MPL).
The HACK ETF ascended 27.31% over FY24.
Betashares Nasdaq 100 ETF (ASX: NDQ) rose 0.82% to finish the week at $45.51 per share. This is just short of its all-time high set on 18 June at $45.73 per ETF unit.
The ASX NDQ had a rocking FY24, soaring 31%, largely due to the success of the Magnificent Seven stocks within the NASDAQ 100. These include superstar stocks Nvidia Corp and Microsoft Corp.
Here are some things you may not know about the ASX NDQ.
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 sector | Change last week |
| Information Technology (ASX: XIJ) | 2.67% |
| Energy (ASX: XEJ) | 0.93% |
| Financials (ASX: XFJ) | 0.16% |
| Industrials (ASX: XNJ) | (0.07%) |
| Consumer Staples (ASX: XSJ) | (0.08%) |
| Healthcare (ASX: XHJ) | (0.20%) |
| Communication (ASX: XTJ) | (0.35%) |
| Utilities (ASX: XUJ) | (0.52%) |
| Materials (ASX: XMJ) | (0.84%) |
| Consumer Discretionary (ASX: XDJ) | (1.29%) |
| A-REIT (ASX: XPJ) | (3.34%) |
