ASX 200 tech shares led the 11 market sectors last week with a 7.68% gain over the five trading days.
Meanwhile, the S&P/ASX 200 Index (ASX: XJO) slipped 1.22% to close at 8,625.1 points on Friday.
ASX 200 tech shares are continuing to recover from a 48% sector meltdown between 29 August 2025 and 30 March 2026.
Fears over the impact of artificial intelligence (AI) drove the decline, but ASX investors appear to be over it.
The S&P/ASX 200 Information Technology Index (ASX: XIJ) is now up 26% since 31 March vs. a 1.9% lift for the rest of the market.
Six of the 11 market sectors finished in the green last week.
Let's review.
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ASX 200 tech shares outperform by a long shot
Let's take a look at how the major ASX 200 tech shares performed last week.
The market's largest tech company by market cap, Xero Ltd (ASX: XRO), rose 5.45% to $79.27 per share.
The WiseTech Global Ltd (ASX: WTC) share price zoomed 10.55% to close at $39.81 on Friday.
Investors in Megaport Ltd (ASX: MP1) shares had an exciting week that ended with a 19.07% share price rise to $18.48.
On Friday, Megaport shares were the best performers of the ASX 200, reaching a new 52-week high of $21.16.
This followed news of four new AI infrastructure contracts worth $458.9 million and a fully underwritten $827.3 million entitlement offer.
TechnologyOne Ltd (ASX: TNE) shares rose 8.34% to $32.33 apiece, while Nextdc Ltd (ASX: NXT) lifted 4.07% to $15.86.
The Life360 Inc (ASX: 360) share price soared 13.81% to $22.
Codan Ltd (ASX: CDA) shares rose 2.46% to finish at $43.70 apiece on Friday.
The Siteminder Ltd (ASX: SDR) share price lifted 10% to $3.85.
Objective Corporation Ltd (ASX: OCL) shares ascended 8.12% to $11.32.
The Catapult Sports Ltd (ASX: CAT) share price rose 8.31% to $3.65.
Dicker Data Ltd (ASX: DDR) shares lifted 7.72% to $11.16 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 sector | Change last week |
| Information Technology (ASX: XIJ) | 7.68% |
| Consumer Staples (ASX: XSJ) | 1.68% |
| Energy (ASX: XEJ) | 1.55% |
| Utilities (ASX: XUJ) | 1.14% |
| Healthcare (ASX: XHJ) | 1.01% |
| Industrials (ASX: XNJ) | 0.45% |
| Consumer Discretionary (ASX: XDJ) | (1.03%) |
| Communication (ASX: XTJ) | (1.59%) |
| Financials (ASX: XFJ) | (2.09%) |
| Materials (ASX: XMJ) | (2.35%) |
| A-REIT (ASX: XPJ) | (2.49%) |
