It was a rough start to the trading week for the S&P/ASX 200 Index (ASX: XJO) this post-election Monday, which broke a seven-day winning streak to close sharply lower.
By the time trading wrapped up this session, the ASX 200 had taken a 0.97% bath, leaving the index at 8,157.8 points.
This shaky start to the week's trading for the Australian markets comes after a far more optimistic finish to the American trading week last Friday night (our time).
The Dow Jones Industrial Average Index (DJX: .DJI) had a ball, surging 1.39% higher.
The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was even more euphoric, jumping up 1.51%.
But let's return to this week and the local markets now and dissect what was happening within the different ASX sectors today.
Winners and losers
There was only one green sector this Monday. But more on that in a moment.
Firstly, the worst-hit corner of the markets today was energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) was slammed, crashing 2.88% lower.
Financial stocks had a rough time too, with the S&P/ASX 200 Financials Index (ASX: XFJ) plunging 1.56%.
Communications shares were shunned as well. The S&P/ASX 200 Communication Services Index (ASX: XTJ) saw its value crater 1.14%.
Tech shares were left out in the cold, illustrated by the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 1.08% shellacking.
Real estate investment trusts (REITs) were next. The S&P/ASX 200 A-REIT Index (ASX: XPJ) ended up tanking 1.03%.
Next, we had consumer discretionary stocks, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) diving 0.75%.
Utilities shares also had a tough Monday. The S&P/ASX 200 Utilities Index (ASX: XUJ) fell by 0.61%.
Mining stocks received no reprieve either, evidenced by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 0.57% slump.
We could say the same for consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) dropped 0.31% by the closing bell.
Healthcare stocks had a fairly tame day, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) dipping just 0.09%.
Our final losers were industrial stocks. The S&P/ASX 200 Industrials Index (ASX: XNJ) got off relatively lightly as well, slipping by 0.05%.
Turning to the sole winner now, it was gold shares that were the safe harbour, as you'll see by the All Ordinaries Gold Index (ASX: XGD)'s 0.67% rise.
Top 10 ASX 200 shares countdown
Our top stock for this Monday was gold miner Gold Road Resources Ltd (ASX: GOR).
Gold Road shares rocketed 9.43% up to $3.25 each after the company revealed it had accepted a takeover offer from a South African miner at roughly $3.40 per share.
Here are the rest of the shares that made waves today:
ASX-listed company | Share price | Price change |
Gold Road Resources Ltd (ASX: GOR) | $3.25 | 9.43% |
Block Inc (ASX: XYZ) | $70.91 | 5.05% |
Healius Ltd (ASX: HLS) | $1.57 | 3.99% |
Generation Development Group Ltd (ASX: GDG) | $4.31 | 3.86% |
Lifestyle Communities Ltd (ASX: LIC) | $7.82 | 3.71% |
Vault Minerals Ltd (ASX: VAU) | $0.44 | 3.53% |
Fletcher Building Ltd (ASX: FBU) | $2.98 | 2.41% |
Bellevue Gold Ltd (ASX: BGL) | $0.92 | 2.22% |
IDP Education Ltd (ASX: IEL) | $9.52 | 2.15% |
Evolution Mining Ltd (ASX: EVN) | $8.12 | 2.14% |
Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.