Tuesday turned out to be a mixed bag for S&P/ASX 200 Index (ASX: XJO) shares, with the consumer staples and healthcare sectors outperforming while the materials sector struggled. The index closed today's session 0.06% higher at 6,606.30 points.
Its rise came despite Westpac Banking Corp (ASX: WBC) finding that consumer confidence fell 3% in July on the back of rate hikes and inflation. Meanwhile, National Australia Bank Ltd (ASX: NAB) found that business confidence fell to below average levels in June.
Despite such sentiment, the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) and S&P/ASX 200 Health Care Index (ASX: XHJ) rose more than 1% today.
The former gained amid the release of the ABS' latest household spending data, which showed spending in May was 7.9% greater than it was at the same point of last year.
Meanwhile, the healthcare sector was driven higher by shares in CSL Limited (ASX: CSL) and ResMed Inc (ASX: RMD).
The S&P/ASX 200 Materials Index (ASX: XMJ) suffered a 1.1% downturn on Tuesday, with lithium shares among its biggest weights. Commodity prices also likely dragged the sector lower.
The price of copper and aluminium fell overnight amid new COVID-19 restrictions in China, which could impact demand. Iron ore futures also slipped 1.9% to US$111.65 a tonne in similar fears.
At the end of Tuesday's session, five of the ASX 200's 11 sectors were trading higher.
So, which ASX shares bested the rest to record the biggest gains today? Read on to find out.
Top 10 ASX shares countdown
Infratil Ltd (ASX: IFT) came out on top of all its peers in ASX's top 200 biggest companies by market capitalisation on Tuesday.
Shares in the renewable energy company lifted around 4%. Read all about Infratil and what it does here.
Today's top 10 biggest gains were made by these ASX shares:
ASX-listed company | Share price | Price change |
Infratil Ltd (ASX: IFT) | $7.34 | 3.97% |
New Hope Corporation Limited (ASX: NHC) | $3.905 | 3.58% |
Eagers Automotive Ltd (ASX: APE) | $10.91 | 3.31% |
NIB Holdings Limited (ASX: NHF) | $7.68 | 3.09% |
Amcor Plc (ASX: AMC) | $18.55 | 2.66% |
Zimplats Holdings Ltd (ASX: ZIM) | $22.88 | 2.42% |
Coronado Global Resources Inc (ASX: CRN) | $1.55 | 2.31% |
APA Group (ASX: APA) | $11.685 | 2.23% |
Skycity Entertainment Group Limited (ASX: SKC) | $2.33 | 2.19% |
Woolworths Group Ltd (ASX: WOW) | $37.17 | 2.06% |
Data as at 4:09pm 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.