It was a phenomenal day for the Australian share markets and the S&P/ASX 200 Index (ASX: XJO) as a tariff backpedal from US President Donald Trump turbocharged investor optimism.
By the time trading wrapped up today, the ASX 200 had lifted 4.54% higher to close at 7,709.6 points. That's after the index gained more than 6.3% at market open this morning.
This roaring return to green ink for ASX shares follows a similarly relieved night of trading over on Wall Street.
The Dow Jones Industrial Average Index (DJX: .DJI) rocketed a huge 7.87% higher last night.
The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) made that look small, exploding 12.16% higher. That's its best session in more than two decades.
Let's return to ASX shares now and examine how today's gains filtered down into the various ASX sectors.
It was a green wash this Thursday, with every single sector rising in value.
Leading the charge were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) had a blowout this session, exploding 7.57% higher.
We could say the same for gold shares, with the All Ordinaries Gold Index (ASX: XGD) soaring 6.46%.
Broader mining stocks also didn't let the team down. The S&P/ASX 200 Materials Index (ASX: XMJ) ended up surging 6.33%.
Continuing with the commodity theme, next we had energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) shot 5.16% higher this session.
Real estate investment trusts (REITs) also ran hot, evidenced by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 4.76% gallop upwards.
Financial shares had a great day as well, with the S&P/ASX 200 Financials Index (ASX: XFJ) leaping 4.37%.
Consumer discretionary stocks were in high demand too. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) jumped up 4.17% today.
Utilities shares didn't miss out either, illustrated by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 3.65% hike.
Healthcare stocks were also at the ASX party. The S&P/ASX 200 Healthcare Index (ASX: XHJ) saw its value rise by 3.58% this Thursday.
Also joining the party were industrial shares, with the S&P/ASX 200 Industrials Index (ASX: XNJ) gaining 3.5%.
Communications stocks got some love, too. The S&P/ASX 200 Communication Services Index (ASX: XTJ) vaulted up 2.95% by the closing bell.
Finally, you wouldn't know that consumer staples shares were the worst-faring sector this session, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) lifting 1.88%.
Amongst a crowded field today, it was Zip Co Ltd (ASX: ZIP) that stood out from the pack. Zip shares pole-vaulted 20.66% higher this session to close at $1.46 each.
There wasn't any news out from the company itself today, but we looked at some possible catalysts for this jump here.
Here's a look at the other impressive top performers from today's session:
ASX-listed company | Share price | Price change |
Zip Co Ltd (ASX: ZIP) | $1.46 | 20.66% |
Mineral Resources Ltd (ASX: MIN) | $17.01 | 18.13% |
Boss Energy Ltd (ASX: BOE) | $2.62 | 17.49% |
Paladin Energy Ltd (ASX: PDN) | $4.72 | 17.41% |
Netwealth Group Ltd (ASX: NWL) | $26.36 | 16.59% |
Deep Yellow Ltd (ASX: DYL) | $0.91 | 15.92% |
Digico Infrastructure REIT (ASX: DGT) | $2.68 | 15.52% |
Liontown Resources Ltd (ASX: LTR) | $0.535 | 15.05% |
Sandfire Resources Ltd (ASX: SFR) | $9.30 | 14.11% |
Imdex Ltd (ASX: IMD) | $2.72 | 13.33% |
Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
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