ASX 200 experiences only a minor fall after a tremendously volatile week

The ASX 200 ended a tumultuous week just 0.28% down amid many Aussie investors buying the dip.

A man analyses stockmarket graph on his computer.

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

Amid major market volatility, ASX 200 tech shares outshone their peers last week, rising 6.64% over five topsy-turvy trading days.

The S&P/ASX 200 Index (ASX: XJO) started the week with a 4.23% dive on Monday as the fallout from US reciprocal tariffs continued.

The ASX 200 recovered by 2.27% on Tuesday, then gave back 1.8% on Wednesday.

On Thursday, we saw a phenomenal rebound, with the ASX 200 rising 4.54% after a 90-day reprieve was given to every nation bar China.

Over the next three months, US trading partners will be subject to the baseline 10% tariff rather than the much higher individualised tariffs.

The market softened again on Friday, declining 0.82%.

The wash-up after all those fluctuations?

A minor 0.28% fall over the week, with the ASX 200 closing at 7,646.5 points on Friday.

Yep, after all that upheaval, the ASX 200 pretty much returned to where it began the week.

Some investors loved the volatility last week, with plenty taking the opportunity to buy the dip.

You can check out the 10 most popular ASX shares targeted by Aussie investors who bought into the market sell-off here.

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

Let's recap.

ASX tech shares led the market last week

Several of the largest ASX 200 tech shares by market capitalisation ended the week in the green after many ups and downs.

The share price of the sector's biggest stock, WiseTech Global Ltd (ASX: WTC), rose by 12.45% to end the week at $84.15 per share.

WiseTech also dished out a reward to its investors on Friday.

The Xero Ltd (ASX: XRO) share price lifted 6.53% to $155.04.

TechnologyOne Ltd (ASX: TNE) shares rose by 9.35% to close Friday's session at $27.72.

Nextdc Ltd (ASX: NXT) shares lifted 1.13% to $10.77.

Life360 Inc (ASX: 360) shares gained 3.5% over the week to close at $26.21.

Shares in electronics solutions provider Codan Ltd (ASX: CDA) lost 1.43% to close at $14.43.

The Megaport Ltd (ASX: MP1) share price rose 8.51% to $9.95.

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)6.64%
Communication (ASX: XTJ)3.1%
Consumer Discretionary (ASX: XDJ)2.45%
Industrials (ASX: XNJ)0.72%
Consumer Staples (ASX: XSJ)0.61%
Utilities (ASX: XUJ)0.27%
Materials (ASX: XMJ)(0.30%)
Financials (ASX: XFJ)(0.54%)
A-REIT (ASX: XPJ)(0.72%)
Energy (ASX: XEJ)(4.04%)
Healthcare (ASX: XHJ)(4.27%)

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Megaport, Technology One, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. The Motley Fool Australia has recommended 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

Rising share price chart.
Share Gainers

Why Orthocell, Paladin Energy, Telix, and Woodside shares are racing higher today

These shares are having a stronger day than most. But why?

Read more »

Man smiling at a laptop because of a rising share price.
Share Market News

Why is the ASX 200 roaring higher today?

ASX 200 investors have good reason to celebrate today.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Aurelia Metals, Cettire, Northern Star, and Woolworths shares are falling

These shares are having a tough time despite the market roaring higher.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
Bank Shares

CBA shares reach new all time high after 4% surge

CBA shares have done it again.

Read more »

A man slumps crankily over his morning coffee as it pours with rain outside.
Share Market News

Guess which ASX 300 stock is crashing 19% even as the market races higher

What's going on with this stock today? Let's find out.

Read more »

Man with rocket wings which have flames coming out of them.
Share Gainers

Why is this ASX 200 uranium stock rocketing 17% on Wednesday?

The ASX 200 uranium stock is racing higher today. But why?

Read more »

Cropped shot of an attractive young female scientist working on her computer in the laboratory.
Opinions

2 great ASX growth shares that are much cheaper after the market sell-off

These stocks are growing earnings and have much better valuations.

Read more »

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Wednesday

A great session is expected for Aussie investors today.

Read more »