Strong gains for Wisetech, TechnologyOne, and Catapult amid ASX 200 tech sector lead

ASX technology shares led the market with a 3.85% increase while the ASX 200 lifted 0.88% last week.

Tech shares led the ASX 200 market sectors with a 3.85% increase over the five trading days last week.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) rose 0.88% to finish at 8,434.7 points on Friday.

Tariff turmoil continued last week after the US Court of International Trade blocked most of President Donald Trump's global tariffs.

The court ruled that Trump had misused the International Emergency Economic Powers Act to implement his tariffs.

The Trump administration appealed and the US Court of Appeals for the Federal Circuit quickly gave it a reprieve.

So, for now, the US tariffs remain in effect. You can view a complete list of the reciprocal US tariffs by country here.

Seven of the 11 market sectors finished in the green last week.

Let's recap.

A man and a woman sitting in a technology-related work environment high five each other while the man wears headphones around his neck and the woman sits in front of a laptop.

Image source: Getty Images

Technology shares led the ASX sectors last week

Another strong result from Nvidia Corp (NASDAQ: NVDA) buoyed US tech stocks with a flow-on effect to ASX 200 tech shares.

Nvidia reported 1Q FY25 revenue of US$44.1 billion, up 69% year-over-year and up 12% from the previous quarter.

Nvidia dropped its report after the US market closed on Thursday morning.

On Thursday, the S&P/ASX 200 Information Technology Index (ASX: XIJ) lifted 0.69%.

That night, the US Nasdaq Composite Index (NASDAQ: .IXIC) lifted 0.38%.

Overall last week, the WiseTech Global Ltd (ASX: WTC) share price rose by 7.1% to close at $107.15 on Friday.

TechnologyOne Ltd (ASX: TNE) shares continued their upward momentum off the back of the company's 1H FY25 report.

The TechnologyOne share price rose by 6.35% to $41.06 per share last week. It reached an all-time high of $41.35 on Friday.

Life360 Inc (ASX: 360) shares soared 5.61% to $33.33 per share.

Megaport Ltd (ASX: MP1) shares lifted 4.81% to finish the week at $13.52.

Catapult Group International Ltd (ASX: CAT) shares soared 10.17% to $5.85 per share.

The Catapult share price hit a record of $5.88 on Friday. There was no news from the ASX 200 global sports data company last week.

The Siteminder Ltd (ASX: SDR) share price rose 5.26% to $4.60.

Gentrack Group Ltd (ASX: GTK) shares lifted 4.5% to $11.39 per share.

Appen Ltd (ASX: APX) shares ascended 4.35% to $1.20 apiece.

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)3.85%
Energy (ASX: XEJ)2.61%
Financials (ASX: XFJ)1.44%
Consumer Discretionary (ASX: XDJ)0.88%
Industrials (ASX: XNJ)0.87%
Healthcare (ASX: XHJ) 0.65%
A-REIT (ASX: XPJ)0.57%
Communication (ASX: XTJ)(0.06%)
Consumer Staples (ASX: XSJ)(0.14%)
Materials (ASX: XMJ)(0.21%)
Utilities (ASX: XUJ)(0.68%)

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 Appen, Catapult Group International, Gentrack Group, Life360, Megaport, Nvidia, Objective, SiteMinder, Technology One, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Catapult Group International, Gentrack Group, Objective, SiteMinder, WiseTech Global, and Xero. The Motley Fool Australia has recommended Nvidia and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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