S&P/ASX 200 Index (ASX: XJO) shares struggled on Wednesday as the index broke a four-session winning streak following suffering on Wall Street. The ASX 200 finished today's session 0.94% lower at 6,700.20 points.
The S&P 500 fell 2.01% overnight while the Dow Jones Industrial Average slipped 1.56%. The Nasdaq Composite was hit hardest, falling 2.98%.
Likely in reaction, the S&P/ASX 200 Information Technology Index (ASX: XIJ) was one of the market's worst performing sectors, only besting the S&P/ASX 200 Real Estate Index (ASX: XRE). They fell 2.6% and 3.3% respectively.
Meanwhile, news oil prices lifted more than 2% overnight likely helped bolster energy stocks. The S&P/ASX 200 Energy Index (ASX: XEJ) outperformed all its peers, gaining 0.5%. The S&P/ASX 200 Financials Index (ASX: XFJ) also ended in the green today.
Finally, the price of iron ore posted a 0.5% gain overnight to reach US$130.28 a tonne amid COVID-19 restrictions easing in China.
After all that, the ASX shares that outperformed on Wednesday might come as a surprise. Let's take a look.
Top 10 ASX shares countdown today
Of the 200 largest ASX shares by market capitalisation, Liontown Resources Limited (ASX: LTR) posted the biggest gain today.
The stock lifted on news the company will push forward with the Kathleen Valley lithium project following another major offtake agreement and a funding facility. Find out more about what's been going on with Liontown here.
Star Entertainment Group Ltd (ASX: SGR) shares also made today's top ten performers after the company announced that Robbie Cooke – Tyro Payments Ltd (ASX: TYR)'s current CEO – agreed to take on the top job at the casino operator. Check out the latest on Star here.
Today's top 10 biggest gains were made by these ASX shares:
ASX-listed company | Share price | Price change |
Liontown Resources Limited (ASX: LTR) | $1.125 | 5.63% |
Skycity Entertainment Group Limited (ASX: SKC) | $2.85 | 3.52% |
Star Entertainment Group Ltd (ASX: SGR) | $2.79 | 2.95% |
New Hope Corporation Limited (ASX: NHC) | $3.65 | 2.82% |
Aurizon Holdings Ltd (ASX: AZJ) | $3.885 | 2.78% |
Metcash Limited (ASX: MTS) | $4.27 | 2.15% |
Aristocrat Leisure Limited (ASX: ALL) | $35.19 | 2% |
Viva Energy Group Ltd (ASX: VEA) | $2.935 | 1.91% |
Whitehaven Coal Ltd (ASX: WHC) | $5.00 | 1.83% |
Downer EDI Limited (ASX: DOW) | $5.21 | 1.76% |
Data as at 3:59pm AEST
Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.