The S&P/ASX 200 Index (ASX: XJO) ended the week just the way it started it – in the red. The index closed Friday's session 0.76% lower at 7,433.7 points, marking a 1.65% week-on-week fall.
It came as the Reserve Bank of Australia issued its latest Statement on Monetary Policy. The central bank "expects that further increases in interest rates will be needed" in its battle against inflation.
Of course, that was seemingly bad news for the rate-sensitive S&P/ASX 200 Information Technology Index (ASX: XIJ), which dropped 2% today.
The S&P/ASX 200 Energy Index (ASX: XEJ) also struggled, falling 1.7% after energy commodities slumped overnight.
One sector rose above the chaos, however. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) lifted 0.9%, driven by the United Malt Group Ltd (ASX: UMG) share price. It gained 4.8% amid the company's annual general meeting.
But it was outperformed by one of its ASX 200 peers. Let's take a look at the stock posting the index's biggest gain on Friday.
Top 10 ASX 200 shares countdown
The Imugene Limited (ASX: IMU) share price took out the ASX 200's top spot today, rising 7.4% to close at 14.5 cents.
Its gains came on the announcement of a new United States patent.
These shares made today's biggest gains:
ASX-listed company | Share price | Price change |
Imugene Limited (ASX: IMU) | $0.145 | 7.41% |
United Malt Group Ltd (ASX: UMG) | $3.72 | 4.79% |
Johns Lyng Group Ltd (ASX: JLG) | $5.58 | 3.53% |
Arena REIT No 1 (ASX: ARF) | $3.85 | 2.94% |
Endeavour Group Ltd (ASX: EDV) | $6.82 | 2.4% |
Sayona Mining Ltd (ASX: SYA) | $0.24 | 2.13% |
Treasury Wine Estates Ltd (ASX: TWE) | $14.38 | 1.63% |
Insurance Australia Group Ltd (ASX: IAG) | $4.71 | 1.29% |
Metcash Limited (ASX: MTS) | $4.03 | 1.26% |
Computershare Limited (ASX: CPU) | $24.73 | 0.94% |
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.