ASX energy stocks led the ASX 200 market sectors last week with an impressive 4.07% gain over the five trading days. ASX materials shares also did well, with the sector lifting 3.3%.
Meantime, the S&P/ASX 200 Index (ASX: XJO) booked a 1.3% lift to finish the week at 7,822.3 points. However, only four of the 11 market sectors finished the week in the green.
Let's review.
Energy shares led the ASX sectors last week
Among the major ASX 200 energy stocks, Santos Ltd (ASX: STO) outperformed with a 4.99% gain over the week to finish at $7.99 per share.
The stock was lifted by rumours that Saudi Aramco and Abu Dhabi National Oil Co were considering making takeover offers. Saudi Aramco debunked this on Friday.
Woodside Energy Group Ltd (ASX: WDS) shares gained 3.76% to finish at $29.26 on Friday. There was no news from Woodside last week but the stock has plenty of buy ratings from brokers right now.
Beach Energy Ltd (ASX: BPT) shares lifted 2.56% to $1.52 apiece.
These gains follow a lift in oil commodity prices last week. At the time of writing, Brent crude oil is up 2.6% for the week and trading at US$83.16 per barrel. WTI futures are up 2.7% at US$83.75 per barrel.
Trading Economics analysts say the uplift is due to falling crude oil inventories in the United States and signs of strong seasonal demand during the US summer.
Ampol Ltd (ASX: ALD) shares lifted 2.41% to $33.13 apiece. Viva Energy Group Ltd (ASX: VEA) lost 0.32% to close at $3.16 on Friday.
A 2.96% lift in Newcastle coal futures to US$136.50 per tonne led to some impressive gains among the ASX 200 coal shares last week.
Whitehaven Coal Ltd (ASX: WHC) flew 13.26% higher to close at $8.97 on Friday.
Yancoal Australia Ltd (ASX: YAL) lifted 9.24% to $7.33 per share. New Hope Corporation Ltd (ASX: NHC) shares lifted 1.01% to $5.02 apiece.
ASX 200 uranium stocks also had a good week after the commodity price lifted 2.51% to US$85.65 per pound.
Deep Yellow Limited (ASX: DYL) shares spiked 9.77% to $1.41 apiece by the close of trading on Friday.
The company announced the appointment of a coordinator to organise project financing for its flagship Tumas Project in Namibia last week.
Paladin Energy Ltd (ASX: PDN) shares rose 7.43% to $13.01.
Boss Energy Ltd (ASX: BOE) shares fell 2.18% to $3.82. Last week, the company announced it was ready to send its first shipment from its Honeymoon mine in South Australia to European nuclear utilities.
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 |
| Energy (ASX: XEJ) | 4.07% |
| Materials (ASX: XMJ) | 3.3% |
| A-REIT (ASX: XPJ) | 1.45% |
| Consumer Discretionary (ASX: XDJ) | 0.22% |
| Healthcare (ASX: XHJ) | (0.06%) |
| Consumer Staples (ASX: XSJ) | (0.07%) |
| Communication (ASX: XTJ) | (0.4%) |
| Financials (ASX: XFJ) | (0.53%) |
| Industrials (ASX: XNJ) | (0.59%) |
| Information Technology (ASX: XIJ) | (1.08%) |
| Utilities (ASX: XUJ) | (1.19%) |
