Tech shares led the ASX 200 market sectors last week with an incredible 8.65% uplift over the five trading days.
The S&P/ASX 200 Index (ASX: XJO) also moved higher, rising 0.76% to finish at 8,023.9 points.
Eight of the 11 market sectors finished the week in the green.
Let's review.
Technology shares led the ASX sectors last week
It was the strong performance of the larger ASX tech shares that pushed the S&P/ASX 200 Information Technology Index (ASX: XIJ) substantially higher last week.
Four of the six largest ASX tech shares by market capitalisation hit new all-time record prices last week.
The stand-out among them was the ASX tech sector's biggest stock, WiseTech Global Ltd (ASX: WTC), with its shares rising 29.37% on the back of a ripper full-year FY24 report.
Wisetech revealed a 28% bump in total revenue to $1.04 billion and a 28% increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $496 million.
Wisetech's underlying net profit after tax (NPAT) came in at $284 million, up 15% year over year.
Investors were impressed and pushed the Wisetech share price 18.41% higher on the day.
The company continued to capitalise over the next two days, with Wisetech shares reaching a new all-time high of $122.72 on Thursday. The Wisetech share price closed the week at $120.14 per share.
Another major mover among the big ASX tech shares this week was Codan Ltd (ASX: CDA).
The Codan share price rose by 15.99% to finish at $14.87 on Friday. The electronics solutions company also released its full-year FY24 results last week.
Codan revealed a 21% lift in revenue to $550.5 million with earnings before interest and tax (EBIT) coming in at $113.9 million, up 29%. Its NPAT was $81.3 million, up 24%.
The Life360 Inc (ASX: 360) share price ascended 6.26% to close at $19.36 on Friday. The stock set a new all-time record on Thursday at $19.49 per share.
TechnologyOne Ltd (ASX: TNE) shares rose strongly by 3.47% to $23.28 apiece and hit a new all-time high of $23.32 on Friday.
The Nextdc Ltd (ASX: NXT) share price rose by 2.49% to $17.72 on Friday. The Xero Ltd (ASX: XRO) share price rose by 1.17% to $143.23 on Friday. It hit a new all-time record on Thursday at $143.03.
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) | 8.65% |
| Industrials (ASX: XNJ) | 2.14% |
| Materials (ASX: XMJ) | 1.79% |
| Communication (ASX: XTJ) | 1.09% |
| Healthcare (ASX: XHJ) | 1.06% |
| Consumer Discretionary (ASX: XDJ) | 0.32% |
| Consumer Staples (ASX: XSJ) | 0.16% |
| Utilities (ASX: XUJ) | 0.1% |
| Financials (ASX: XFJ) | (0.11%) |
| A-REIT (ASX: XPJ) | (1.07%) |
| Energy (ASX: XEJ) | (3.28%) |
