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.
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.
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 sector | Change 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%) |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.