After coming tantalisingly close to its all-time high on Friday, the S&P/ASX 200 Index (ASX: XJO) likely disappointed many market watchers by starting the week in the red. The index fell 0.25% today to close at 7,539 points.
Its biggest weight? The S&P/ASX 200 Real Estate Index (ASX: XRE).
The sector fell 1.95% on the eve of the Reserve Bank of Australia's (RBA's) February meeting where it's expected to hike rates once more following last month's unexpectedly stubborn inflation data.
Interestingly, however, the S&P/ASX 200 Energy Index (ASX: XEJ) was today's best-performing sector, rising 0.9% despite lower oil prices.
The price of Brent crude dropped 2.7% on Friday to close the week 7.8% lower at US$79.94 a barrel, while US Nymex crude oil fell 3.3% on Friday, marking a 7.9% week-on-week fall that saw it end at US$73.39 a barrel.
But it wasn't an energy stock that topped the lot today. Let's take a look at the 10 ASX 200 shares posting the biggest gains on Monday.
Image Source: Getty Images
Top 10 ASX 200 shares countdown
Starting the week out on the best foot was gold mining giant Newcrest Mining Ltd (ASX: NCM).
Its share price soared 9% to close at $24.53 amid a takeover offer from world leader Newmont Corporation (NYSE: NEM).
These shares made today's biggest gains:
| ASX-listed company | Share price | Price change |
| Newcrest Mining Ltd (ASX: NCM) | $24.53 | 9.27% |
| Beach Energy Ltd (ASX: BPT) | $1.54 | 3.7% |
| Incitec Pivot Ltd (ASX: IPL) | $3.53 | 3.22% |
| Whitehaven Coal Ltd (ASX: WHC) | $8.46 | 2.92% |
| Link Administration Holdings Ltd (ASX: LNK) | $2.04 | 2.77% |
| New Hope Corporation Limited (ASX: NHC) | $5.94 | 2.59% |
| TPG Telecom Ltd (ASX: TPG) | $4.80 | 2.56% |
| Computershare Limited (ASX: CPU) | $24.59 | 2.42% |
| Coronado Global Resources Inc (ASX: CRN) | $2.12 | 2.42% |
| AUB Group Ltd (ASX: AUB) | $24.67 | 2.15% |
Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
