ASX 200 utilities shares gained 7% while the broader market fell heavily last week

Utilities outperformed, rising 7%, while the benchmark index fell heavily last week.

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

ASX 200 utilities shares led the market sectors with a strong 7.37% gain as earnings season continued last week.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) fell 1.6% to close at 9,115.2 points.

The market had a choppy week amid the Reserve Bank announcing no change to interest rates.

Only four of the 11 market sectors finished the week in the green.

Let's review.

Woman with her kitten on a laptop in her home office.

Image source: Getty Images

Utilities shares led the ASX sectors last week

The Origin Energy Ltd (ASX: ORG) share price gained 11.55% to finish the week at $12.07.

On Thursday, Origin revealed a statutory profit of $1,574 million for FY26, up from $1,481 million in FY25.

Origin will pay a final dividend of 30 cents per share with 100% franking.

The APA Group (ASX: APA) share price rose 1.51% to $10.06.

APA will announce its FY26 results on Thursday, 20 August.

Mercury NZ Ltd (ASX: MCY) shares fell 1.44% to $5.47.

Mercury will report its FY26 results on Tuesday.

The Meridian Energy Ltd (ASX: MEZ) share price dropped 1.5% to $4.60.

Meridian will release its FY26 results on Wednesday, 26 August.

The AGL Energy Limited (ASX: AGL) share price ascended 7.17% to $8.82.

AGL reported a 2% decrease in net profit after tax (NPAT) to $631 million for FY26.

AGL shares will pay a final dividend of 26 cents per share, fully franked.

Contact Energy Ltd (ASX: CEN) shares edged 0.93% higher to $7.59.

The New Zealand electricity supplier reported a 28% lift in NPAT to NZ$423.4 million for FY26.

The company will pay a final dividend of 24 NZ cents per share, fully imputed at 24%.

Contact Energy is one of 8 ASX shares going ex-dividend next week.

Genesis Energy Ltd (ASX: GNE) shares increased 4.76% to $2.20.

Genesis Energy will announce its FY26 results on Thursday, 27 August.

The LGI Ltd (ASX: LGI) share price dropped 9.55% to $1.99.

LGI will release its FY26 results on Friday, 21 August.

View our reporting calendar for more company announcement dates.

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
Utilities (ASX: XUJ)7.37%
Information Technology (ASX: XIJ)3.59%
Healthcare (ASX: XHJ)3%
Energy (ASX: XEJ)2.84%
Consumer Staples (ASX: XSJ)(1%)
Communication (ASX: XTJ)(1.25%)
Consumer Discretionary (ASX: XDJ)(1.33%)
Materials (ASX: XMJ)(1.77%)
A-REIT (ASX: XPJ)(2.26%)
Industrials (ASX: XNJ)(2.99%)
Financials (ASX: XFJ)(3.23%)

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Apa Group. The Motley Fool Australia has recommended LGI Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ASX Share Market News

Girl with painted hands.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors enjoyed a pleasant start to the trading week this Monday.

Read more »

A container ship passes beneath a suspension bridge.
Opinions

WiseTech shares have been smashed in 2026. Here's why I wouldn't bet against them

Investors have turned bearish on WiseTech, but I wouldn’t write it off yet.

Read more »

An ASX 200 market analyst holds his hand to his chin and looks closely at his computer screens watching share price movements
52-Week Lows

Fortescue shares just hit a 52-week low. Could $16 be next?

Fortescue shares are down 25% this year. Is the bottom close?

Read more »

Buy, hold, and sell ratings written on signs on a wooden pole.
Broker Notes

PLS shares have soared 107% in a year! Is the ASX 200 lithium stock now a buy, hold or sell?

A top analyst provides his outlook for the rocketing PLS share price.

Read more »

Engineer in the oilfield wearing red helmet and work clothes, with pumpjack and wellhead in the background.
Energy Shares

Why I'd buy Santos and Woodside shares today

Santos and Woodside shares are up more than 40% in 2026 and paid two dividends. Here's why they could have…

Read more »

Frustrated man looking exhausted while sitting at his desk with his laptop and carrying his glasses in his hand.
Broker Notes

Experts name CBA and these big-name ASX 200 shares as sells this week

Let's see why they are bearish on these popular names.

Read more »

Smiling man sits in front of a graph on computer while using his mobile phone.
Broker Notes

Experts name 3 top ASX shares to buy this week

These shares have been given the thumbs up by experts this week.

Read more »

A woman standing on the street looks through binoculars.
Broker Notes

Buy, hold, sell: Corporate Travel Management, Wesfarmers, Fortescue shares

ASX 200 shares fell heavily amid soaring oil prices and bond yields last week.

Read more »