Tech shares led the ASX 200 market sectors last week with a 2.48% uplift over the five trading days.
Meanwhile, the S&P/ASX 200 Index (ASX: XJO) lost value, falling by 1.2% to finish at 8,118.8 points.
Only two of the 11 market sectors finished the week in the green.
Let's review.
Technology shares led the ASX sectors last week
WiseTech Global Ltd (ASX: WTC) shares rose by 5.54% last week to finish at $118.50 apiece on Friday.
The ASX 200's biggest tech stock has experienced much volatility of late due to the media storm over CEO Richard White's personal life.
The Wisetech share price took a dive of more than 25% between 15 October and 24 October.
White's subsequent decision to step down saw the stock begin its rebound. He is now taking some leave before returning as a consultant for the company he founded 30 years ago.
There was no price-sensitive news from Wisetech last week, so it appears the share price rise is simply a continuation of the stock's recovery.
Nuix Ltd (ASX: NXL) shares ripped 9.42% higher last week to finish at $7.55 apiece on Friday.
This was despite no news from the software company that Blackwattle Investment Partners describes as having "arguably the best exposure to the AI thematic" of all ASX shares.
Macquarie Technology Group Ltd (ASX: MAQ) shares rose 7.5% over the week to finish at $85. The company had no price-sensitive news last week but released its annual report on Monday.
The Life360 Inc (ASX: 360) share price increased by 3.31% to close at $22.18 on Friday. The social networking app's owner did not provide any news last week.
The Codan Ltd (ASX: CDA) share price rose 1.42% to finish at $15.72. The electronics solutions company did not announce any news last week.
The NextDC Ltd (ASX: NXT) share price lifted 0.49% to close at $16.26, with no news released last week.
My colleague Zach describes NextDC as being "at the forefront of Australia's data centre scene" and "a front-runner among investors looking for exposure to artificial intelligence (AI) and cloud computing".
TechnologyOne Ltd (ASX: TNE) shares lifted 0.082% to $24.31 apiece.
The Xero Ltd (ASX: XRO) share price fell 0.56% to $148.21. However, on Tuesday, the stock hit a new 52-week high of $152.49.
My Fool colleague James reports that broker Goldman Sachs has a conviction buy rating on Xero shares with a 12-month price target of $201. This implies a potential 35%-plus upside over the next year.
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) | 2.48% |
| Materials (ASX: XMJ) | 0.42% |
| Consumer Discretionary (ASX: XDJ) | (0.15%) |
| A-REIT (ASX: XPJ) | (0.72%) |
| Communication (ASX: XTJ) | (1.11%) |
| Industrials (ASX: XNJ) | (1.17%) |
| Energy (ASX: XEJ) | (1.35%) |
| Financials (ASX: XFJ) | (1.58%) |
| Healthcare (ASX: XHJ) | (2.75%) |
| Utilities (ASX: XUJ) | (3.1%) |
| Consumer Staples (ASX: XSJ) | (5.47%) |
