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.
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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%) |
