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

ASX energy shares had a cracking week with a 4.07% uplift thanks to higher commodity prices.

A woman stacks smooth round stones into a pile by a lake.

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

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 sectorChange 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%)

Motley Fool contributor Bronwyn Allen has positions in Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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

An executive stands looking out a glass window over the city.
Best Shares

The ASX bosses getting richer on the back of soaring ASX shares

These founders and CEOs made money hand over fist last financial year...

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Broker Notes

These ASX shares could rise ~20% to 40%

Analysts believe these shares could generate big returns for investors.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
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 »

5 mini houses on a pile of coins.
Share Market News

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

ASX real estate shares were strongest amid a volatile week during which the ASX 200 set a new record.

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Broker Notes

Which beaten down ASX 200 share did Goldman Sachs just upgrade to a buy rating?

The broker has become more bullish on this stock following last week's update.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Best Shares

The best ASX shares to invest $1,000 in right now

Analysts think that putting your money into these stocks could be a smart move.

Read more »

green etf represented by letters E,T and F sitting on green grass
Share Market News

4 ASX ETFs to buy for FY25 and beyond

Could these ETFs be top options for investors looking for long term picks?

Read more »

A smiling woman sips coffee at a cafe ready to learn about ASX investing concepts.

How I'd invest $10,000 in ASX shares right now

I’m bullish about the prospects of these stocks.

Read more »