Mid-Market: S&P/ASX 200 Trading Lower; Energy Sector Is The Only Gaining Sector
Source: Kapitales Research
On 03 March 2026, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 128.00 points or 1.39%, and is currently trading at 9,072.90 levels. Out of 11, 10 sectors are trading lower along with the decline in the S&P/ASX 200.
The Energy sector is the only gaining sector, gaining 0.17% in its index value. On the other hand, Consumer Discretionary and A-REIT sectors are the top 2 declining sectors, declining 2.75% and 2.43% in their index values.
Magellan Financial Group Limited (ASX: MFG) and New Hope Corporation Limited (ASX: NHC) are the top-gaining stocks, gaining 19.858% and 5.052% in their stock prices. On the other hand, Pro Medicus Limited (ASX: PME) and Life360 Inc. (ASX: 360) are the top-losing stocks and are declining by 7.865% and 6.675% in their stock prices.
Factors influencing the market-
Australian shares declined today as investors weighed the potential impact of escalating conflict in the Middle East on energy markets and the broader global economy. Energy stocks were the sole gainers, supported by rising commodity prices as markets evaluated the fallout from air strikes across the region and possible disruptions to shipping through the Strait of Hormuz.
Magellan Financial Group’s shares surged almost 20% after the company finalised a $130 million institutional capital raising, issuing 15.4 million shares at $8.45 apiece to help finance its merger with Barrenjoey.
Neuren Pharmaceuticals declined 6% after its partner, Acadia Pharmaceuticals, announced plans to seek a review of the European Medicines Agency’s CHMP decision to deny marketing approval for trofinetide.
The Dow Jones closed down by 0.15%, S&P 500 gained by 0.04% and Nasdaq was up by 0.36% in the previous session.
Hang Seng is down by 0.18%, and FTSE 100 is down by 1.20%.
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Mid-Market: S&P/ASX 200 Trading Lower; Energy Sector Is The Only Gaining Sector
On 03 March 2026, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 128.00 points or 1.39%, and is currently trading at 9,072.90 levels. Out of 11, 10 sectors are trading lower along with the decline in the S&P/ASX 200.
The Energy sector is the only gaining sector, gaining 0.17% in its index value. On the other hand, Consumer Discretionary and A-REIT sectors are the top 2 declining sectors, declining 2.75% and 2.43% in their index values.
Magellan Financial Group Limited (ASX: MFG) and New Hope Corporation Limited (ASX: NHC) are the top-gaining stocks, gaining 19.858% and 5.052% in their stock prices. On the other hand, Pro Medicus Limited (ASX: PME) and Life360 Inc. (ASX: 360) are the top-losing stocks and are declining by 7.865% and 6.675% in their stock prices.
Factors influencing the market-
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au