The S&P/ASX 200 Index (ASX: XJO) powered ahead today following the decision of the Reserve Bank of Australia (RBA) to keep interest rates steady at 4.1%.
After initially inching higher, the ASX 200 got a major boost from the RBA's decision, adding around 0.4% when the decision became public. The index ended up closing at 7,450.7 points, up a solid 0.54%.
This move higher comes after a solid session on Wall Street overnight.
The Dow Jones Industrial Average Index (DJX: .DJI) had an encouraging Monday trading session, recording a rise of 0.28%. The Nasdaq Composite Index (NASDAQ: .IXIC) wasn't quite as happy, but still managed a lift of 0.21%.
Back to the local share market now, and let's start with a look at which ASX sectors contributed to and detracted from today's session.
Winners and losers
With this Tuesday's positive showing from the share market, it won't come as a shock to hear that all ASX sectors put on a strong showing today.
ASX industrials shares were the least impressive. The S&P/ASX 200 Industrials Index (ASX: XNJ) spent most of the day in the red but ended up pulling off a slight gain of 0.05%.
But for everything else, it was gravy.
The best sector on the ASX boards this Tuesday was unequivocally ASX gold shares. The All Ordinaries Gold Index (ASX: XGD) rocketed a pleasing 1.89% higher during today's trading.
This unbridled enthusiasm wasn't shared with other corners of the ASX, but tech shares were another strong spot. The S&P/ASX 200 Information Technology Index (ASX: XIJ) banked an encouraging gain of 1.14%.
We also had a strong showing from ASX mining shares, with the S&P/ASX 200 Materials Index (ASX: XMJ) vaulting forward by 0.82%.
Both consumer staples and discretionary stocks had similarly strong showings. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) finished 0.88% higher, while the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) was up 0.77%.
Energy shares experienced something similar, with the S&P/ASX 200 Energy Index (ASX: XEJ) registering a gain of 0.68%.
ASX financials shares were one of the weakest sectors this session, but the S&P/ASX 200 Financials Index (ASX: XFJ) still managed a 0.36% lift.
Top 10 ASX 200 shares countdown
The ASX's best performer of the day was teleco share TPG Telecom Ltd (ASX: TPG). TPG shares rocketed a pleasing 11.55% to $5.60 each.
This followed an intra-day trading halt amid news that some of TPG's fibre assets are being pursued by the Macquarie Group Ltd (ASX: MQG)-backed Vocus.
Here are the other winning shares from today's session:
ASX-listed company | Share price | Price change |
TPG Telecom Ltd (ASX: TPG) | $5.60 | 11.55% |
Gold Road Resources Ltd (ASX: GOR) | $1.71 | 8.57% |
Sayona Mining Ltd (ASX: SYA) | $0.155 | 6.9% |
Paladin Energy Ltd (ASX: PDN) | $0.77 | 4.76% |
De Grey Mining Limited (ASX: DEG) | $1.38 | 3.37% |
IGO Ltd (ASX: IGO) | $14.24 | 3.19% |
Core Lithium Ltd (ASX: CXO) | $0.66 | 3.13% |
Bellevue Gold Ltd (ASX: BGL) | $1.495 | 3.1% |
Lynas Rare Earths Ltd (ASX: LYC) | $6.93 | 2.97% |
ALS Ltd (ASX: ALQ) | $12.07 | 2.81% |
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.