Here's how the ASX 200 market sectors stacked up last week

MotleyFool
2024-12-01

ASX 200 tech shares led the 11 market sectors last week with a 3.16% gain over the five trading days.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) lost 0.16% to close at 8,436.2 points on Friday.

Nine of the 11 market sectors finished the week in the green.

Let's review.

ASX technology shares led the market last week

Let's take a look at how the major ASX 200 technology players performed last week.

One of the biggest risers was Gentrack Group Ltd (ASX: GTK) shares. The Gentrack share price rocketed 35.8% higher over the week to close at $13.01 on Friday. It hit a new all-time high of $13.13 on Friday.

The share price surge was largely due to the software provider's full-year results, which were released on Tuesday. Gentrack reported a 25.5% lift in revenue to NZ$213.2 million.

Another big riser last week was Life360 Inc (ASX: 360) shares, up 19.4% to $25.30 by Friday's close.

There was no particular reason for this substantial uplift, with the company having no price-sensitive news for us last week.

However, Life 360 shares have been on an upward trajectory for a while now. In fact, they are one of 11 ASX stocks outpacing the price growth of Nvidia Corp (NASDAQ: NVDA) over the past 12 months.

Another outperformer this week was Nuix Ltd (ASX: NXL) shares, up 11.2% on no news to $6.70 on Friday.

Megaport Ltd (ASX: MP1) shares had a cracking week, gaining 6.77% in new value. The Megaport share price closed the week at $7.89.

The largest company in the ASX 200 tech sector, WiseTech Global Ltd (ASX: WTC), gained 5.4%. The logistics company is continuing its recovery from a recent slump. Wisetech shares closed at $128.10.

Nextdc Ltd (ASX: NXT) shares rose 2.71% to $16.27.

Dicker Data Ltd (ASX: DDR) shares lifted 1.19% to $8.51.

Macquarie Technology Group Ltd (ASX: MAQ) gained 0.39% amid the company holding its annual general meeting last week. The Macquarie Technology share price finished the week at $87.97.

There were also some share price falls among the tech sector's largest companies last week.

The Xero Ltd (ASX: XRO) share price finished the week 0.12% lower at $173.85 per share.

TechnologyOne Ltd (ASX: TNE) shares fell 1.08% to finish at $30.21.

Codan Ltd (ASX: CDA) shares dipped 1.14% to $15.65. While Codan had no price-sensitive news for the market last week, the electronics solutions provider did release a new investor presentation.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

S&P/ASX 200 market sectorChange last week
Information Technology (ASX: XIJ)3.16%
Healthcare (ASX: XHJ)3.13%
A-REIT (ASX: XPJ)2.19%
Consumer Discretionary (ASX: XDJ)1.91%
Consumer Staples (ASX: XSJ)1.54%
Communication (ASX: XTJ)1.17%
Materials (ASX: XMJ)0.62%
Industrials (ASX: XNJ)0.1%
Utilities (ASX: XUJ)0.03%
Financials (ASX: XFJ)(0.79%)
Energy (ASX: XEJ)(3.14%)

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