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S&P/ASX 200 Index (ASX: XJO) shares rose by 7.83% in FY24 (total returns of 12.1% including dividends).
The ASX 200 rose from a closing value of 7,203.3 points on the last trading day of FY23 to a closing value of 7,767.5 points on the last trading day of FY24.
The index fell from July to October last year before an early Santa Rally in November began amid speculation that interest rates would be cut in 2024 due to falling inflation.
There are 11 market sectors comprising the benchmark index.
Let’s take a look at which ASX 200 share was the top performer in each sector in FY24.
The best ASX 200 market sector shares in FY24
Based on 12-month stock price growth (not including dividends), these were the best ASX shares of each market sector in the last financial year.
Healthcare
Pro Medicus Limited (ASX: PME) shares were not only the healthcare sector’s best performers for price growth but also the top stock of the entire ASX 200 in FY24.
The company delivered a 118.3% share price gain over the 12 months.
The Pro Medicus share price is $130.13 on Friday, up 0.56%.
Materials
In the materials sector, ASX 200 gold mining stock Red 5 Limited (ASX: RED) delivered 89.5% capital growth in FY24. The company was boosted by a rising gold price.
The ASX 200 gold miner is trading at 37 cents today, up 0.54%.
Energy
In the ASX 200 energy sector, uranium stock Deep Yellow Limited (ASX: DYL) soared by 77.5%.
The ASX 200 energy stock is trading at $1.41 today, down 0.35%.
Industrials
Diversified industrial and investment company Seven Group Holdings Ltd (ASX: SVW) was the No. 1 stock in the ASX 200 industrials sector with 52.9% capital growth in FY24.
The ASX 200 industrials share is trading at $36.05 today, down 4.07%.
Communications
Beep, beep! Car Group Limited (ASX: CAR) zoomed past its peers in the communications sector in FY24, racking up a 48% share price gain.
The ASX 200 communications stock is trading at $33.67 today, down 0.75%.
Technology
Social networking app developer Life360 Inc (ASX: 360) was the No 1. stock in the technology sector in FY24 with an outstanding 115.4% gain.
(Fun fact: The tech sector was the leader of the pack among the 11 sectors in FY24.)
The ASX 200 tech stock is trading at $15.87 today, up 0.063%.
Consumer discretionary
Budget jewellery retailer Lovisa Holdings Ltd (ASX: LOV) led the consumer discretionary stocks in FY24 with a 70.3% share price gain.
The ASX 200 retail stock is trading at $31.38 on Friday, up 1.26%.
Real estate & REITs
Goodman Group (ASX: GMG) soared in FY24 on the back of the artificial intelligence theme. With 73.1% share price growth, Goodman outperformed its real estate sector peers in FY24.
The ASX 200 property share is $35.35 on Friday, down 0.099%.
Consumer Staples
Bega Cheese Ltd (ASX: BGA) was the No. 1 consumer staples stock of the year in FY24. The Bega share price lifted 49.1% over the 12 months.
The ASX 200 consumer staples share is trading at $4.24 today, down 0.7%.
Financials
Diversified financial services company Hub24 Ltd (ASX: HUB) was the best ASX 200 financials stock of FY24, following an 82.9% surge in its share price.
Hub24 shares are trading at $46.67 today, down 0.66%.
Utilities
In the utilities sector, Origin Energy Ltd (ASX: ORG) was the No. 1 stock in FY24, with share price growth of 29.1%.
The ASX 200 utilities share is trading at $10.74 on Friday, up 0.47%.