Energy and utility shares helped drive the S&P/ASX 200 Index (ASX: XJO) higher on Tuesday. The index is up 0.6% at 6,7426.10 points at market close on Tuesday.
The two leading sectors brushed off Wall Street's poor start to the week and surged higher on the back of increasing commodity prices. Global oil prices rose around 1.8% overnight while iron ore futures lifted 0.9%. Most base metal prices also picked up before the market opened today.
The S&P/ASX 200 Energy Index (ASX: XEJ) led the market today, gaining 3.5%. Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) lifted 3%.
Consumer discretionary shares were the hardest hit on Tuesday despite consumer confidence rising week-on-week, according to findings by Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Roy Morgan. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) slumped 1.6% today.
All things considered, some of the shares that topped the market today might come as a surprise. Here are the ten stocks that came out on top on Tuesday.
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Top 10 ASX shares countdown today
Of the top ten ASX-listed companies by market capitalisation, those producing with one particular commodity outperformed. And that commodity is… Coal! Thermal coal leapt 1.4% overnight to trade at US$392.45 a tonne, according to CommSec.
The gain likely helped New Hope Corporation Limited (ASX: NHC)'s shares to record a 7.2% lift. Find out more about New Hope here.
That performance was shadowed by Beach Energy Ltd (ASX: BPT)'s 6.6% gain. Take a look at what's going on with Beach Energy lately here.
Today's top ten biggest gains were offered by these ASX shares:
| ASX-listed company | Share price | Price change |
| New Hope Corporation Limited (ASX: NHC) | $3.57 | 7.21% |
| Beach Energy Ltd (ASX: BPT) | $1.76 | 6.67% |
| Northern Star Resources Ltd (ASX: NST) | $7.44 | 5.98% |
| Stanmore Resources Ltd (ASX: SMR) | $2.03 | 5.46% |
| Woodside Energy Group Ltd (ASX: WDS) | $32.81 | 4.76% |
| GQG Partners Inc (ASX: GQG) | $1.45 | 4.69% |
| Yancoal Australia Ltd (ASX: YAL) | $5.42 | 4.23% |
| AGL Energy Limited (ASX: AGL) | $8.515 | 3.84% |
| Grange Resources Limited (ASX: GRR) | $1.3025 | 3.79% |
| South32 Ltd (ASX: S32) | $4.19 | 3.71% |
Data as at 3:55pm AEST
Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.
