S&P/ASX 200 Index (ASX: XJO) shares performed well on Tuesday as the Reserve Bank of Australia (RBA) hiked rates for a third consecutive month. The index was 0.25% higher at 6,629.30 points at market close.
The RBA lifted the offical cash rate 50 basis points to 1.35% this month. Unlike last month, the central bank suggested August could bring a steadying of the cash rate, my Fool colleague Brendon Lau reports.
The ASX 200 was led by energy shares today, likely on the back of higher oil prices. The Brent crude price rose 1.7% to US$113.50 a barrel overnight while the US Nymex crude price lifted 2.1% in after-hours trade to reach US$110.66 a barrel.
That saw Woodside Energy Group Ltd (ASX: WDS) among the leaders of the pack. Its share price boasted a 5.3% gain at its intraday high.
The tech sector also performed well on Tuesday, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) gaining 1.8%.
At the end of the session, nine of the ASX 200's 11 sectors were in the green, with only the industrial and real estate sectors languishing.
So, let's get to the most exciting part. Here are the ten shares that bested the rest on Tuesday.
Top 10 ASX shares countdown today
Taking out the crown as the top performer among the ASX's 200 biggest companies by market capitalisation is – drumroll please – WiseTech Global Ltd (ASX: WTC). Read more about the ASX 200 tech share here.
Next best was WAM Capital Limited (ASX: WAM). Find out what's been going on with the stock here.
Today's top 10 biggest gains were made by these ASX shares:
ASX-listed company | Share price | Price change |
WiseTech Global Ltd (ASX: WTC) | $40.765 | 5.34% |
WAM Capital Limited (ASX :WAM) | $1.905 | 4.67% |
Paladin Energy Ltd (ASX: PDN) | $0.595 | 4.39% |
Seek Limited (ASX: SEK) | $22.045 | 4.18% |
Magellan Global Fund (ASX: MGF) | $1.395 | 4.1% |
Magellan Financial Group Ltd (ASX: MFG) | $12.18 | 4.01% |
Woodside Energy Group Ltd (ASX: WDS) | $32.49 | 3.94% |
Pro Medicus Limited (ASX: PME) | $44.46 | 3.83% |
REA Group Limited (ASX: REA) | $117.805 | 3.69% |
Domain Holdings Australia Ltd (ASX: DHG) | $3.185 | 3.41% |
Data as at 4:00 pm AEST time.
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.