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

ASX technology shares led the market with a 3.23% increase while the ASX 200 lifted 0.98% last week.

A man sits in casual clothes in front of a computer amid graphic images of data superimposed on the image, as though he is engaged in IT or hacking activities.

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

Tech shares led the ASX 200 market sectors with a 3.23% uplift over the five trading days.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) rose 0.98% to finish at 8,408.9 points on Friday.

The world was on edge this week following the inauguration of United States President Donald Trump.

On his first day in office, Trump signed a slew of executive orders, including removing the US from the World Health Organisation and withdrawing from the 2015 Paris Agreement on climate change.

He also indicated that 1 February was a likely target date to start 25% tariffs on Mexico and Canada.

Eight of the 11 market sectors finished the week in the green.

Let's recap.

Technology shares led the ASX sectors last week

Trump's election win has boosted technology stocks given his pledge to deregulate the US tech industry.

He certainly appears to have personal support from the tech "oligarchy" that former president Joe Biden discussed in his outgoing television address to the nation.

Among the official guests seated close to Trump and his family members at the inauguration ceremony were Tesla boss Elon Musk, Meta Platforms CEO Mark Zuckerberg, Amazon executive chair Jeff Bezos, Apple CEO Tim Cook, Google CEO Sundar Pichai, and Google co-founder Sergey Brin.

Gains on the Nasdaq Composite Index (NASDAQ: .IXIC) tend to flow through to ASX tech stocks, and that happened again last week.

As of Friday Australian time, the NASDAQ was up 2.14% for the week with one day of US trading to go.

Among the largest ASX tech stocks last week, WiseTech Global Ltd (ASX: WTC) shares rose by 3.06% to close at $120.23 per share on Friday.

The Xero Ltd (ASX: XRO) share price lifted 3.30% to close at $172.88 on Friday.

Nextdc Ltd (ASX: NXT) shares ascended 2.55% to finish the week at $15.90 per share.

TechnologyOne Ltd (ASX: TNE) shares rose by 2.22% to $29.52 per share.

The Codan Ltd (ASX: CDA) share price rose by 3.43% to $15.97 per share.

Life360 Inc (ASX: 360) shares soared 8.77% to $24.93 per share.

Data#3 Ltd (ASX: DTL) shares lifted 4.42% to $6.85 per share.

Nuix Ltd (ASX: NXL) shares rose by 2.46% to $5.41 at the close on Friday.

Objective Corporation Ltd (ASX: OCL) shares rose by 3.57% to $16.40 per share.

Stock in Megaport Ltd (ASX: MP1) surged 12.06% to finish the week at $8.55.

This dramatic gain was interesting, given that the data network provider did not provide any price-sensitive news, and it remained among the 10 most shorted stocks on the market.

Catapult Group International Ltd (ASX: CAT) shares also leapt higher on no news. The Catapult share price lifted 9.57% to $3.78 per share on Friday.

Last week, Appen Ltd (ASX: APX) shares were in the red, tumbling 10.29% to $2.44 apiece on Friday.

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
Information Technology (ASX: XIJ)3.5%
Financials (ASX: XFJ)3.11%
Consumer Discretionary (ASX: XDJ)2.25%
Industrials (ASX: XNJ)1.16%
A-REIT (ASX: XPJ)0.66%
Healthcare (ASX: XHJ)0.66%
Communication (ASX: XTJ)0.49%
Utilities (ASX: XUJ)0.26%
Consumer Staples (ASX: XSJ)(0.06%)
Materials (ASX: XMJ)(1.31%)
Energy (ASX: XEJ)(2.41%)

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Bronwyn Allen has positions in Appen. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Appen, Apple, Catapult Group International, Life360, Megaport, Meta Platforms, Objective, Technology One, Tesla, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Objective, WiseTech Global, and Xero. The Motley Fool Australia has recommended Amazon, Apple, Catapult Group International, Meta Platforms, Nuix, and Technology One. 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

A man looks surprised as a woman whispers in his ear.
Broker Notes

These ASX 200 shares could rise 20% to 40%

Analysts are tipping these shares to deliver market-beating returns over the next 12 months.

Read more »

a young woman looks happily at her phone in one hand with a selection of shopping bags in her other hand.
Share Market News

This leading fundie just bought more Zip shares. Here's why

Are Zip shares worth a closer look following institutional backing?

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a spectacular end to the trading week for the ASX today.

Read more »

A piggy bank on the cloud in the blue sky symbolising a record high share price.
52-Week Highs

These 13 ASX 200 shares just hit new 52-week highs

These shares had a fine send-off to the weekend this Friday.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why AMP, Civmec, Cochlear, and LGI shares are falling today

These shares are ending the week in the red. But why?

Read more »

Three people jumping cheerfully in clear sunny weather.
Share Gainers

These 3 ASX 200 stocks are shooting the lights out this week. Own any?

These ASX 200 shares have soared 11% to almost 23% this week. But why?

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Share Gainers

Why GQG, Imugene, Mirvac, and Temple & Webster shares are pushing higher

These shares are ending the week on a positive note. But why?

Read more »