Energy shares led the ASX 200 market sectors this week, gaining 1.14% over the first four trading days of the new year.
The S&P/ASX 200 Index (ASX: XJO) declined by 0.067% over the week to close at 7,489.1 points on Friday. Only two market sectors finished the week in the green — energy and utilities.
It was an unsurprisingly quiet week for the market as Australians continued to enjoy their end-of-year holidays.
Here at the Fool, we were busy reviewing the top 10 ASX 200 shares of 2023 and, just for fun, we took a look at how ASX equities performed over the 12 months compared to real estate investments.
We also told you about a few ASX 200 shares starting the year at 52-week highs and some others starting at 52-week lows.
And if you're pondering a shares-based New Year's Resolution, my colleague James had this idea to offer.
Here's what else happened this week.
Energy shares led the ASX sectors this week
Among the larger ASX 200 energy stocks, coal shares Whitehaven Coal Ltd (ASX: WHC) and Yancoal Limited (ASX: YAL) booked strong gains this week.
Whitehaven shares lifted 5.78% over the four trading days to close at $7.86 on Friday. Yancoal shares rose 8.47% to finish the week at $5.39 apiece.
My colleague Tristan discusses the 2024 outlook for ASX coal shares here.
Woodside Energy Group Ltd (ASX: WDS) shares rose by 0.84% to close at $31.34 on Friday. The Santos Ltd (ASX: STO) share price lifted 0.53% to $7.64. This weakness is partly due to a lower oil price.
Uranium stocks also rose, with Boss Energy Ltd (ASX: BOE) shares up 5.21% to $4.23. Paladin Energy Ltd (ASX: PDN) went up 2.53% to $1.015.
Tony Yoo discusses whether uranium shares can surge again in 2024 here.
ASX 200 market sector snapshot
Here's how the 11 market sectors stacked up this week, according to CommSec data.
Over the past five days:
S&P/ASX 200 market sector | Change this week |
Energy (ASX: XEJ) | 1.14% |
Utilities (ASX: XUJ) | 0.19% |
Financials (ASX: XFJ) | Steady |
Healthcare (ASX: XHJ) | (0.29%) |
Industrials (ASX: XNJ) | (0.51%) |
Consumer Staples (ASX: XSJ) | (0.62%) |
Consumer Discretionary (ASX: XDJ) | (1.94%) |
Communication (ASX: XTJ) | (2.12%) |
Materials (ASX: XMJ) | (3.02%) |
A-REIT (ASX: XPJ) | (3.41%) |
Information Technology (ASX: XIJ) | (5.08%) |